NZD USD is stuck – Analysis - 24/10/2014

The NZDUSD pair made a test to 0.7800 barrier, and the price still stuck between the key levels mentioned yesterday between 0.7720 support and 0.7905 resistance, as the price needs to breach one of them to detect the next track clearly, reminding you that breaching the mentioned resistance will push the price to regain the bullish trend again, with targets that begin at 0.8120 followed by 0.8400, while breaking the support represents a negative factor that will push the pair to target areas near 0.7300.

Therefore, we will continue with our neutrality until the price confirms breaching one of the above mentioned levels.

Expected trading range for today is between: 0.7720 support and 0.7985 resistance.

Expected trend for today: Neutral