Wednesday, May 8, 2013

NZDUSD Price Action: Hit Key Support Zone. May 8, 2013

The very bearish trend of the kiwi was faced with a very dominant support in today's trading but could only muster a false break of it. Since this is a key Support, I would be looking out for good bullish reasons to go long from this zone but in the event that today's low is compromised instead, price should then make a dash at the next support zone at about 0.8300.

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