NZD/USD Weekly Technical Report 13-17/1/2014
ecPulse
2014-01-13 08:27AM UTC
NZDUSD is retesting 0.8330-0.8335 key resistance, after rebounding strongly of the 50-days SMA, forming a bullish candle stick formation. A break and stability above 0.8330 should signal further upside for the pair this week. We favor the bullish bias this week, looking for 0.8410-0.8415 resistance area as the next upside target. Meanwhile, 0.8200 level should limit any downside pullback for the bullish bias to remain intact.
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