NZD USD is stable 22/01/2014

Economies.com
2014-01-22 05:57AM UTC

The pair settles around the EMA50, while stochastic prepares to offer positive overlapping signal on the four hours timeframe, which supports the chances to continue with the overall bullish trend, which its first target represented by breaching 0.8385 level to open the way for extended gains towards 0.8675

 

The suggested positive scenario remains valid and active unless 0.8255 followed by 0.8205 levels were broken.

 

Expected trading range for today is between: 0.8255 support and 0.8440 resistance.

 

Expected trend for today: Bullish

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