NZD USD heads to new retest process 09/05/2013
Economies.com
2013-05-09 05:27AM UTC
The pair’s decline stopped exactly at 0.8360 to begin today with clear bullish bias that breaches through it the EMA50, opening the way towards more intraday rise, and the target is retesting the previously broken bullish channel’s support which turns into resistance now at 0.8585
Thus, the bullish trend will be preferred on the intraday basis supported by Stochastic, and the main condition to achieve it is holding above 0.8360
Expected trading range for today is between: 0.8360 support and 0.8600 resistance.
Expected trend for today: Bullish
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