Kiwi dollar Technical Analysis Forecast for /08/20/2013 by MBCFX
The
kiwi dollar has reached the expected targets that we have mentioned yesterday
in our technical analysis, so we wish that you have benefited from our trading
signals.
Concerning
the next trading sessions, we expect further decline of the prices and the next
targets will be on: $0.7940- 0.7920
So we
recommend you to buy on this area on the short term by taking some profits,
then we expect the kiwi dollar to bounce up.
And as
we notice on the 4 hours chart, the Stochastic has reached its oversell step,
to confirm some upward correction from the 0.7940- 0.7920 area .
To know the next target of this pair and other currencies, register now on our website www.mbcfx.com
and start receiving real time alerts on when to buy and sell , take profit and stop loss , as well as economic calendar and major events to watch .
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