NZD USD awaits to activate the positive momentum signal 10/01/2014
Economies.com
2014-01-10 06:07AM UTC
The pair shows tight and sideways trading limited within a minor bearish channel that might form a continuation bullish flag pattern in case the price succeeded to breach its resistance at 0.8285, while stochastic offers positive signals on the four hours time frame that we are waiting to motivate the price to complete the suggested pattern.
The EMA50 continues to protect the price from falling, which encourages us to continue suggesting the bullish trend on the intraday and short term basis, reminding you that our targets mainly begin at 0.8385, while achieving it requires holding above 0.8205
Expected trading range for today is between: 0.8190 support and 0.8385 resistance.
Expected trend for today: Bullish
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