NZD/USD Weekly Technical Report 8-12/4/2013

NZD/USD flip-flops around Linear Regression Indicators, received with a minor positivity from Stochastic, whereas the expected bearish direction is still standing. The main condition is that the pair settles below 0.8450 with objectives primarily kicking off at 0.8275. Note that breaking 0.8500 will confirm the pair's return into the ascending channel that was broken earlier.

* Trading range expected this week is between the key support at 0.8165 and the key resistance 0.8620.

* Short-term trend is downside targeting 0.8845 if 0.8130 remains intact.