NZD/USD Morning Technical Report 5/2/2014
ecPulse
2014-02-05 08:14AM UTC
NZDUSD extended the strong bulliush move yesterday, retesting the main descending trend line shown on chart, in addition to the 50-days SMA and 0.8240 horziontal reisstance. Therefore, a downside pullback from this area is likely, however we see further upside potential, but will wait for a confirmation signal.
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