NZD USD towards more decline 25/06/2013
Economies.com
2013-06-25 05:30AM UTC
The pair begins today’s trading with bearish bias attempting to confirm breaking 76.4% Fibonacci level at 0.7740, which hints for more negative pressure on the short term and medium term basis, and more bearish trend expected for the upcoming period.
A daily close below 0.7740 will open the way towards 0.7450, which represents the main target for the current bearish wave.
Expected trading range for today is between: 0.7550 support and 0.7800 resistance.
Expected trend for today: Bearish
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