NZD/USD Weekly Technical Report 11-15/2/2013
ecPulse
2013-02-11 07:21AM UTC
The bearishness remained limited above the upside key support on graph. Linear Regression Indicators are negative and RSI also tends to be negative trading below level 50. Therefore, we prefer to remain neutral for now waiting for confirmations. A breakout below 0.8270 levels might bring another bearish wave, but trading above 0.8355 levels might bring some positivity.
The trading range for this week might be among key support at 0.8110 and key resistance at 0.8500.
The general trend over short term basis is to the upside with steady daily closing above0.8130 targeting 0.8845.
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