NZD USD retests 18/01/2013

Economies.com
2013-01-18 05:25AM UTC

The pair is retesting the 0.8345 level attempting to settle above, and as long as the price is stable within the bullish channel shown in the image, the bullish overview remains valid and preferred on the intraday and short term basis, targeting 0.8500 followed by 0.8600 levels.

 

Breaking below 0.8260 will form the key to turn the intraday trading into the downside.

 

Expected trading range for today is between: 0.8260 support and 0.8550 resistance.

 

Expected trend for today: Bullish

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