NZD USD finds solid resistance 02/05/2013
Economies.com
2013-05-02 05:59AM UTC
The pair couldn’t managed to settle above the main bullish channel’s support, to bounce lower sharply again between the support which turns into resistance at 0.8570 and the EMA50 at 0.8412, which makes us stay aside now waiting for surpassing one of these levels and provides clearer confirmation signals for the trend.
Expected trading range for today is between: 0.8355 support and 0.8585 resistance.
Expected trend for today: Neutral
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