Midday update for NZD USD 01/02/2013
Economies.com
2013-02-01 11:40AM UTC
The pair fluctuates around 0.8400 and finds a difficulty to move away from it until now due to Stochastic negativity, but generally, we still continuing in preferring the bullish trend for today supported by the stability above EMA50.
Breaking below 0.8375 followed by 0.8310 will decrease the chances of achieving the waited targets for today.
Expected trading range for today is between: 0.8300 support and 0.8600 resistance.
Expected trend for today: Bullish
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