NZD USD continues to fluctuate 22/04/2013

The pair tested the EMA50 at 0.8385, which showed solid support against the price attempt to decline, to bounce higher in attempt to visit the retest level of the previously broken main support at 0.8530

Now, the positive bias will be preferred affected by Stochastic positivity, but surpassing one of the aforementioned levels is required to confirm the trend on the short term basis, which makes us continue in the neutrality on the intraday basis.

Expected trading range for today is between: 0.8350 support and 0.8600 resistance.

Expected trend for today: Neutral