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Technical Analysis For NZD/USD, AUD/USD, GBP/USD.

Pair NZD/USD continued trading positively approaching resistance for the descending channel, which meets with resistance almost sideways range at 0.7850, accompanied by the arrival of Stochastic overbought areas, which could put negative pressure that force the price to continue within the sideway range. Based on that, we expect instantaneous trading sideways between 0.7850 and 0.7690 until the price will be able to skip one of these levels.

The trading range expected for today is between: support at 0.7690 and resistance 0.7920 General tendency expected for today: LATERAL. AUD/USD The Australian dollar against the U.S. dollar touched bearish trend line which represents the stabilization below the first factor that keeps the negative scenario intact, which is supported by the negativity on Stochastic. But at the same time, we note that the price is limited recently inside the wedge possible bearish, which means that the breach of 0.9130 will do the positive impact of the model, and then try to convert intraday trading and short-term upward, and this requires us to be cautious when trying to penetrate the mentioned resistance.

The trading range expected for today is between: support at 0.8950 and resistance 0.9250 General tendency expected for today: DOWN GBP/USD GBP against the US dollar presents positive trading yesterday drawing near to retest the previously breached level 1.5000, while stabilizing below that represents the first factor that keeps the negative outlook possible. Breach 1.5000 level will push to retest support for the previously breached ascending channel, which turns into resistance now at 1.5115 The trading range expected for today is between: support at 1.4800 and resistance 1.5000 General tendency expected for today: DOWN

Tuesday, 09 Jul, 2013 / 7:44

Source : https://www.firstbinaryoption.com

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