NZD USD negotiates the moving average – Analysis - 30/03/2015
Economies.com
2015-03-30 04:59AM UTC
The NZDUSD pair is testing the EMA50 that forms intraday support at 0.7535 now, and the price is affected by the negative signal coming from stochastic, while our neutrality still valid until the price manages to breach one of the next trend keys represented by 0.7450 support and 0.7655 resistance.
We remind you that breaching the mentioned resistance will motivate the price to achieve positive targets that mainly start at 0.7905 and extend to 0.8045, while breaking the support will bring the price back to the main bearish trend, with targets that begin at 0.7330 then 0.6860.
Expected trading range for today is between: 0.7400 support and 0.7655 resistance.
Expected trend for today: Neutral
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