NZD USD

[PCMAnalyst]

As we can see the price is rising after the upper channel has been broken in the H4 TF. As long as the price holds above the channel, still bullish price action is expected.

As noted previously, still moving upward is the main case.

[Samirofi]

NZD USD affected by the negative momentum 13/09/2013



The pair affected by Stochastic negativity, heading towards a potential retest to 0.8060, while we still prefer witnessing overall positive trading supported by the EMA50, and the targets begin at 0.8205 and extend towards 0.8385

You should be aware that breaking 0.8060 will stop the positive expectations and lead to visit initially 0.7920
Expected trading range for today is between: 0.8060 support and 0.8300 resistance.

Expected trend for today: Bullish

[PCMAnalyst]

As noted previously, still moving upward is the main case.

[PCMAnalyst]

The price is in a bullish channel in the H4 TF. if the trend line breaks around 0.8320 the expectation favors for a drop.

[PCMAnalyst]

Bullish channel is clear in the weekly TF. we expect to see it climbs to the upper channel as the demand rises.

[PCMAnalyst]

The price is in a bullish channel in the H4 TF. if the trend line breaks around 0.8320 the expectation favors for a drop.

As we noticed in the previous comment we saw the price dropped by having the trend line broken which we can see it reversing by having it countered to the support level. We will be witnessing it to drop if this support level is broken.

[PCMAnalyst]

We are witnessing a Bat harmonic patt on the H4 TF. we will see it dropped if the supply pressure exists in the market.

[PCMAnalyst]

We are witnessing a Bat harmonic patt on the H4 TF. we will see it dropped if the supply pressure exists in the market.

Along with the previous comment we are witnessing a head & shoulder pattern on the upper channel. By having the neckline broken around 0.8180 the ground will be ready for a drop.

[PCMAnalyst]

The price is tracing out new fresh lows on the H4 TF. it would be growing if the trend line is broken.

[Samirofi]

NZD USD approaches the key resistance 18/11/2013



The pair shows bullish bias and attempts to approach from the critical resistance level 0.8385, where breaching above this level represents a confirmation key for the continuation of the bullish rally on the short term basis, and targets extend towards 0.8675


In general, the bullish trend will remain preferred on the intraday and short term basis, supported by the EMA50, reminding you that holding above 0.8205 is important for the continuation of the suggested rise.

Expected trading range for today is between: 0.8280 support and 0.8500 resistance.

Expected trend for today: Bullish