NZD USD under more negative pressure – Analysis - 30/01/2014
Economies.com
2014-01-30 06:10AM UTC
The pair showed negative trading yesterday, but it closed the daily close above the key support 0.8205, while it begins today’s trading with more bearish bias to trade now below this support, which makes us stay aside temporarily in order to confirm the price behavior to the mentioned level, as holding below it will turn the intraday trading to the downside and targets 0.8060 initially.
Stochastic shows oversold signals that might turn the price to rise again.
Expected trading range for today is between: 0.8100 support and 0.8270 resistance.
Expected trend for today: Neutral
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