NZD USD heads to retest – Analysis - 30/09/2014
Economies.com
2014-09-30 05:05AM UTC
The NZDUSD shows bullish bias since the beginning of today’s trading, and the price might head to retest 0.7905 level before resuming the overall bearish bias, which depends on targeting the next correctional level located at 0.7330.
Breaking 0.7720 is required to confirm the continuation of the suggested bearish wave, while breaching 0.7905 represents an initial positive factor that supports the attempts to stop the current bearish correctional pressure then regaining the general bullish trend again.
Expected trading range for today is between: 0.7650 support and 0.7865 resistance.
Expected trend for today: Bearish
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