Midday update for NZD USD 01/10/2015
Economies.com
2015-10-01 10:29AM UTC
The NZDUSD pair continues its positive trading surpassing 0.6395 level and attempts to settle above it, which makes us stop the suggested negative expectations for today, and we wait for the daily candlestick close according to 0.6395 support and 0.6455 resistance, where breaking the mentioned support will reactivate the main negative scenario, while breaching the resistance will complete forming bullish technical pattern that has the ability to turn the intraday and short term track to the upside.
Therefore, we will stay aside now until getting clearer confirmation signal for the trend.
Expected trading range for today is between 0.6300 support and 0.6500 resistance.
Expected trend for today: Neutral
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