NZD USD achieves an important breach – Analysis - 05/02/2014
Economies.com
2014-02-05 05:54AM UTC
The pair showed good breach to 0.8205 level and closed the daily candlestick above it, to provide good motive for the continuation of the bullish trend in the upcoming period, which mainly targets 0.8385 level.
The price shows some bearish bias now affected by stochastic negativity, while it needs to hold above 0.8205 and 0.8195 to keep the chances of the suggested bullish trend.
Expected trading range for today is between: 0.8115 support and 0.8340 resistance.
Expected trend for today: Bullish
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