NZD USD below the resistance – Analysis - 24/11/2014
Economies.com
2014-11-24 06:21AM UTC
The NZDUSD pair fluctuates near 0.7905 keeping its stability below it, which keeps the bearish trend scenario valid until now, as the price is moving inside a bearish channel that appears in the above chart, to target 0.7720 areas mainly.
It’s important to note that breaching 0.7905 followed by 0.7960 levels will open the way towards intraday and short term rally to the upside, followed by attempts to regain the major bullish trend, and the targets will begin at 0.8175 and extend to 0.8400.
Expected trading range for today is between: 0.7765 support and 0.7960 resistance.
Expected trend for today: Bearish
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