NZD USD activates the positive pattern 13/01/2014
Economies.com
2014-01-13 06:14AM UTC
The pair managed to surpass the minor bearish channel’s resistance that appears on the image, to activate the positive effect of the bullish continuation flag pattern, which supports the continuation of the bullish wave on the intraday and short term basis, waiting for our first main target represented by breaching 0.8385 level, to open the way towards 0.8685 mainly.
Stochastic negativity might force the price for some temporarily fluctuations before resuming the rise that remains valid conditioned by stability above 0.8280 and the most important above 0.8205.
Expected trading range for today is between: 0.8255 support and 0.8440 resistance.
Expected trend for today: Bullish
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