NZD USD needs a confirmation 19/06/2013

The pair’s trading is stuck between 0.7920 and 0.8060, while the chances still valid to form the bullish pattern which was mentioned in our previous reports and can be seen from the image above, thus, the price needs to get confirmation signals for the next trend, and we can get these signals by surpassing one of the key levels represented by 0.7920 support and 0.8135 resistance.

Breaking 0.7920 will open the way for more intraday and short term decline, while breaching 0.8135 will complete the positive pattern that has upside targets reach towards 0.8500 areas.

Expected trading range for today is between: 0.7840 support and 0.8160 resistance.

Expected trend for today: Neutral