NZD USD is back to the positivity 04/12/2012

Economies.com
2012-12-04 05:51AM UTC

The pair managed to return to settle above 0.8200 to reactivate the bullish technical pattern shown at the image, that makes us retrieve our bullish trend scenario which mainly targets 0.8400

 

EMA50 offers good support for the intraday trading while Stochastic might cause some temporary sideways range fluctuation.

 

Expected trading range for today is between: 0.8100 support and 0.8400 resistance.

 

Expected trend for today: Neutral

 

 

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