NZD USD pushes negatively 05/02/2013
Economies.com
2013-02-05 05:51AM UTC
The pair is affected by Stochastic negativity which is pushing the price to be trading below the recently breached resistance that appears in the image, to approach now from EMA50, accompanied with Stochastic entering the oversold levels, that makes us continue in preferring the general bullish trend which mainly depends on the trading inside the main bullish channel that appears in the image.
Our waited targets begin at 0.8500 followed by 0.9600, while holding above 0.8315 is the key to keep this scenario valid
Expected trading range for today is between: 0.8385 support and 0.8600 resistance.
Expected trend for today: Bullish
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