NZD/USD Weekly Technical Report 11-15/3/2013 AUD

The pair is still trading negatively since the key support levels of the medium-term ascending channel was breached. This week, the significant level will be 0.8156 and by braking it might extend the downside move. Stability below Linear Regression Indicators supports the possibility of braking the referred to level, as stability below 0.8310 levels keeps this possibility valid this week.

The trading range for this week might be among key support at 0.8050 and key resistance at 0.8355.

The general short-term trend is expected to the upside with steady daily closing above 0.8130 targeting 0.8845.