NZD USD under the negative pressure 17/01/2014
Economies.com
2014-01-17 05:48AM UTC
The pair begins today’s trading showing bearish bias, attacking the EMA50, and affected by the negative momentum that appears on stochastic, which might force the price to head towards retesting 0.8205 level before turning to rise again.
In general, we continue suggesting the overall positive trading in the upcoming period, with targets that begin by breaching 0.8385 level to open the way towards 0.8675, reminding you that it’s important to hold above 0.8205 to keep the chances of reaching theses targets.
Expected trading range for today is between: 0.8205 support and 0.8450 resistance.
Expected trend for today: Overall Bullish
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