NZD USD begins with negativity – Analysis - 23/10/2014
Economies.com
2014-10-23 05:25AM UTC
The NZDUSD pair begins today’s trading with clear bearish bias attacking 0.7905 level, as the price is affected by stochastic negativity, which makes us stop the positive scenario temporarily in order to monitor the price behavior according to the key levels represented by 0.7720 support and 0.7905 resistance, as breaching this resistance will re-activate the bullish trend again, with targets that begin at 0.8120 mainly, while breaking the support will push the price to suffer more losses on the short term basis.
Expected trading range for today is between: 0.7720 support and 0.7985 resistance.
Expected trend for today: Neutral
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