Midday update for NZD USD 23/04/2015
Economies.com
2015-04-23 10:50AM UTC
The NZDUSD pair continues to decline to approach gradually from the bullish channel’s support that appears on chart, while stochastic continues to go deeper into the oversold areas, waiting for a bullish rebound to resume the bullish trend again, which its main targets begin at 0.7905.
We remind you that breaking 0.7505 level will stop the positive scenario and push the price to suffer more losses in the upcoming period.
Expected trading range for today is between 0.7505 support and 0.7700 resistance.
Expected trend for today: Bullish
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