Will the Euro Continue to Rise?
December 28, 2009 by ForexYard
Filed under Daily Forex Analysis
GBP/NZD:
The pair’s bearish trend may experience a correction today as the hourly, 2 hour and 4 hour RSI are floating in the oversold territory. Furthermore, the hourly and 8 hour Slow Stochastic are exhibiting a bullish cross while a breach of the lower Bollinger Band is evident on the 2 hour and 8 hour charts. Forex traders may be advised to go long on the day to benefit the forming trend.
