NZD/USD Weekly Technical Report 25/2-1/3/2013

The pair dropped but is still limited above key support level of the ascending channel. But with that, we find that the pair is stable below Linear Regression Indicators; therefore the pair should stabilize above 0.8415 levels to support the return of the upside move. Anyhow, we will stay positive unless the pair broke 0.8270 levels.

The trading range for this week might be among key support at 0.8200 and key resistance at 0.8535. 

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