NZD USD is stable – Analysis - 02/02/2015
Economies.com
2015-02-02 06:10AM UTC
The NZDUSD pair still settled below 0.7330 level, to keep the bearish trend scenario valid until now, and we are waiting to visit 0.7000 followed by 0.6860 levels mainly.
Stochastic current positivity might push the price to attempt to retest 0.7330 level before turning to resume the bearish trend again, which gets continuous support from the EMA50.
Expected trading range for today is between: 0.7150 support and 0.7330 resistance.
Expected trend for today: Bearish
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