NZD USD pushes negatively – Analysis - 02/09/2014

Economies.com
2014-09-02 05:13AM UTC

The NZDUSD pair attacks the key support 0.8350, and as we mentioned in our previous reports, confirming breaking this level will push the price towards 0.8235 direct.

 

Until now, our neutrality remains valid until the price confirms breaking the mentioned support through a four hours close below it initially, or breaching 0.8440 resistance, which will offer positive factor that supports the attempts to turn back to the main bullish trend again.

 

Expected trading range for today is between: 0.8250 support and 0.8400 resistance.

 

Expected trend for today: Neutral

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