NZD USD finds solid support – Analysis - 23/07/2014

Economies.com
2014-07-23 00:07AM UTC

The NZDUSD pair found good support at 0.8660, and it couldn’t break it yesterday, which keeps our neutral attitude valid until now until confirming the next trend clearly, by breaking the mentioned support or breaching the resistance at 0.8745.

 

We remind you that breaking this support will push the NZDUSD price to visit the main support at 0.8555 before any new positive attempt, while breaching the mentioned resistance acts as an important key for regaining the main bullish track, and the next main target at 0.9000. 

 

Expected trading range for today is between: 0.8555 support and 0.8800 resistance.

 

Expected trend for today: Depends on the above mentioned levels

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