NZD USD tests the main support – Analysis - 25/07/2014
Economies.com
2014-07-24 23:54PM UTC
The NZDUSD pair settles at the main bullish channel’s support that appears in the image, while we still need a confirmation signal for the next trend by monitoring the price behavior according to the critical levels represented by 0.8555 support and 0.8625 resistance, where breaching the mentioned resistance represents a positive motive that supports the continuation of the trading inside the bullish channel, and the initial targets begin at 0.8700, while breaking the support will open the way towards turning the intraday trading to the downside, and the next main station at 0.8400.
Expected trading range for today is between: 0.8450 support and 0.8720 resistance.
Expected trend for today: Depends on the above mentioned targets
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