Midday update for NZD USD 22/12/2014
Economies.com
2014-12-22 11:46AM UTC
The NZDUSD pair approached from testing the minor bullish channel’s support, while the contradiction remains valid between stochastic positivity and the negative pressure that comes from the EMA50, therefore, we remain neutral until now, waiting for breaching one of the next trend keys represented by 0.7700 support and 0.7820 resistance to detect the next targets clearly.
To recognize the expected targets from the breach, please review our morning report.
Expected trading range for today is between: 0.7600 support and 0.7905 resistance.
Expected trend for today: Neutral
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