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NZDUSD






2/9/2015 2:00:46 AM

NZDUSD - Technical Analysis: Monday, 09/02/2015 07:00 GMT



Touching the descending channel’s resistance hints a waited bearish rebound to visit this channel’s support areas, but the positive signals from stochastic and the bulls’ power indicator keeps the sideways fluctuation at the current areas.

The exponential moving average 50 forms negative factor now that supports the waited decline, with targets that reach 0.7100 then 0.7000 on the near term basis.


Target
Risk


Support
Resistance


Trend Bearish

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