NZD USD surpasses the key level 02/01/2013

The pair managed to accomplish a sharp rally to the upside reinforcing our positive expectations, where surpassing 0.8345 represents the major key for confirming the continuation of the bullish trend.

Therefore, more bullish moves will be preferred on the intraday and short term basis, targeting mainly 0.8475 initially while achieving it requires holding above 0.8345.

Expected trading range for today is between: 0.8290 support and 0.8500 resistance.

Expected trend for today: Bullish