NZD USD surpasses the resistance 04/02/2013
Economies.com
2013-02-04 05:38AM UTC
The pair succeeded to breach above the mentioned minor resistance in our previous reports that appears in the image, and holding with a daily close above it supports our expectations of continuing the bullish trend which targets initially 0.8500 followed by 0.8600.
In general, the expected bullish trend remains valid and active, supported by EMA50, pointing that breaking below 0.8435 might delay achieving the waited targets.
Expected trading range for today is between: 0.8385 support and 0.8600 resistance.
Expected trend for today: Bullish
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