NZD USD under negative pressure 11/03/2013
Economies.com
2013-03-11 05:43AM UTC
The pair declined sharply in last Friday and settled near the recent recorded bottom at 0.8190, and attempts now to achieve some recovery supported by Stochastic positivity.
In general, holding below 0.8305 will make us prefer the bearish trend on the intraday basis, and the main target at 0.8120, pointing that breaching above 0.8305 will push the price to retest the previously broken main bullish channel’s support at 0.8400
Expected trading range for today is between: 0.8100 support and 0.8305 resistance.
Expected trend for today: Bearish
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