NZD USD knocks the door to return the channel 29/04/2013
Economies.com
2013-04-29 05:33AM UTC
The pair opens today’s trading with clear rise heading towards the waited to be breached resistance level at 0.8555, which represents a confirmation factor for the price return to the main bullish trend.
In general, we continue in preferring the bullish trend depending on the stability above the EMA50 besides the bullish trend that shows by Stochastic, this positivity remains valid unless witnessing a break and stability below 0.8405
Expected trading range for today is between: 0.8405 support and 0.8675 resistance.
Expected trend for today: Bullish
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