NZD/USD Weekly Technical Report 4-8/3/2013
ecPulse
2013-03-04 07:29AM UTC
The pair gradually dropped affected by the breakout of the ascending channel earlier this week. Linear Regression Indicators are trading negatively now as RSI is moving to the downside towards 30. All of the above supports the extension of the downside today.
The trading range for today might be among key support at 0.8100 and key resistance at 0.8385.
The general short-term trend is expected to the upside with daily closing above 0.8130 targeting 0.8845.
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