NZD/USD Weekly Technical Report 31/12/2012 – 4/1/2013
ecPulse
2012-12-31 07:41AM UTC
The main bullish support of the upside ascending channel managed to halt the bearish move. The Linear Regression Indicators are still trading negatively and provided a negative crossover. Therefore, we remain neutral in our weekly report waiting for confirmation signals.
The trading range for this week might be among key support at 0.8075 and key resistance at 0.8415.
The general trend over short term basis is to the upside with steady daily closing above 0.8130 targeting 0.8845.
Support 0.8200 0.8170 0.8130 0.8110 0.8075
Resistance 0.8250 0.8300 0.8330 0.8355 0.8415
Recommendation Based on the charts and explanations above we recommend staying aside awaiting further confirmations.
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