NZD USD is forced for some bearish correction 15/01/2014
Economies.com
2014-01-15 06:18AM UTC
The pair couldn’t get a daily close above 0.8385, to start today’s trading showing bearish bias affected by stochastic negativity, doing some bearish correction on the intraday basis, which might lead it to visit 0.8290 area before resuming the bullish trend again.
Stochastic reaches the oversold area to support the chances of turning back to rise, but its important to note that breaking below 0.8290 will push the price to test the most important support at 0.8205
Expected trading range for today is between: 0.8260 support and 0.8500 resistance.
Expected trend for today: Bullish
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