Midday update for NZD USD 18/01/2013
Economies.com
2013-01-18 11:35AM UTC
The pair remains fluctuating at the retest level 0.8345, accompanied by Stochastic reaching the oversold levels, and this encourages us to keep the positive expectations issued this morning which is targeting initially 0.8500.
Breaking below 0.8345 will open the way for testing 0.8260 before rising again.
Expected trading range for today is between: 0.8260 support and 0.8550 resistance.
Expected trend for today: Bullish
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