Midday update for NZD USD 05/03/2015
Economies.com
2015-03-05 12:23PM UTC
The NZDUSD pair traded with clear negativity this morning to begin the process of breaking the bullish channel’s support at 0.7525, as the price moves now below this level and shows attempts to stop the suggested positive scenario for today, which makes us prefer staying aside now in order to monitor the daily candlestick according to the mentioned level, as holding below it will push the price to return to the main bearish trend, which its first target located at 0.7330.
Expected trading range for today is between: 0.7450 support and 0.7660 resistance.
Expected trend for today: Neutral for the rest of the day
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