NZD USD visits the major support 07/02/2013

Economies.com
2013-02-07 05:35AM UTC

 

The pair declined with the opening of today’s trading to approach now from the main bullish channel support level at 0.8325, and as long as the price is inside this channel, the general positive overview remains valid and active.

 

Stochastic reaches the oversold levels to offer support for the chances of the bouncing to the upside from the current levels.

 

Expected trading range for today is between: 0.8325 support and 0.8550 resistance.

 

Expected trend for today: Bullish

 

 

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