NZD/USD Morning Technical Report 10/1/2014
ecPulse
2014-01-10 08:45AM UTC
NZDUSD maintains the sideways consolidation above the 50-days SMA and 0.8240-0.8250 support area, strong hesitation is clear at this area, accordingly we prefer to move to the sidelines for now, awaiting a confirmation for an upside rebound. On a break and stability below 0.8240 we may see further downside.
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