NZD/USD Weekly Technical Report 4-8/1/2013
ecPulse
2013-02-04 08:55AM UTC
The pair managed to breach the minor resistance levels shown on the graph, and is currently stable above Linear Regression Indicators. Therefore, we might see an upside move during this week provided that 0.8480 areas hold to extend this upside move. As long as the pair is stable above 0.8355 levels we will remain positive.
The trading range for this week might be among key support at 0.8310 and key resistance at 0.8675.
The general trend over short term basis is to the upside with steady daily closing above 0.8130 targeting 0.8845.
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