NZD USD retests 25/01/2013
Economies.com
2013-01-25 04:47AM UTC
The pair continued the negative bias to approach now from retesting 0.8345 which is considered as a key support for the intraday trading, where it supports our general bullish trend expectations.
Stochastic enters the oversold level, which encourages us to continue in our bullish trend expectations on the intraday and short term basis, being aware that breaking 0.8345 and followed by 0.8280 will cause a pivotal turning in the trend to the downside.
Expected trading range for today is between: 0.8280 support and 0.8550 resistance.
Expected trend for today: Bullish
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