NZD USD tests the broken support – Analysis - 29/01/2014
Economies.com
2014-01-29 06:06AM UTC
The pair found solid resistance at the retest level of the previously broken ascending channel’s support line, which is located now at 0.8305, while the price needs to breach this level to confirm the continuation of the positive trading on the intraday and short term basis, waiting for targets that mainly begin by surpassing 0.8385 barrier to confirm the extension of the gains towards 0.8675.
We remind you with the importance of stability above 0.8205 to continue with the bullish bias suggested for the upcoming period.
Expected trading range for today is between: 0.8205 support and 0.8400 resistance.
Expected trend for today: Bullish
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