NZD USD reverses downwards again – Analysis - 01/10/2014
Economies.com
2014-10-01 05:09AM UTC
The NZDUSD trades with bearish bias heading towards the previously recorded low at 0.7720, which we are waiting to break it to open the way to extend the current bearish wave, as confirming the break will push the price towards 0.7330 areas mainly.
Stochastic current positivity might push the price for some temporary sideways fluctuation before resuming the bearish trend, which remains valid and active unless breaching 0.7905 level and holding above it.
Expected trading range for today is between: 0.7650 support and 0.7865 resistance.
Expected trend for today: Bearish
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