NZD USD continues the positivity 02/07/2013

On the four hours time frame, we notice the pair’s fluctuation around the EMA50, while the trading is settled above 0.7740 level, which represents the main factor that makes us continue suggesting the intraday bullish trend, waiting for targets that begin at 0.7920

Therefore, the bullish trend remains valid and preferred for today also, might be preceded by some fluctuations affected by stochastic negativity, noting that breaching above 0.7920-0.7945 levels will extend the bullish trend towards 0.8060 initially.

Expected trading range for today is between: 0.7740 support and 0.7945 resistance.

Expected trend for today: Bullish