Midday update for NZD USD 29/01/2015
Economies.com
2015-01-29 11:29AM UTC
The NZDUSD pair shows more strong negativity to move away from 0.7330 level, which supports the bearish trend expectations in the upcoming period, which its next targets reach at 0.7000 ad extend to 0.6860.
The EMA50 keeps supporting the suggested bearish wave, where its continuation requires holding below 0.7330.
Expected trading range for today is between: 0.7200 support and 0.7400 resistance.
Expected trend for today: Bearish
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