Midday update for NZD USD 05/10/2015
Economies.com
2015-10-05 11:05AM UTC
The NZDUSD pair achieved a clear breach to 0.6455 level and settles above it now, which activates the positive scenario for the rest of the day, supported by the EMA50, waiting for targeting 0.6705 then 0.6860 levels in the upcoming period.
Stochastic current negativity might push the price to some temporary sideway fluctuation before resuming the expected bullish trend, which will remain valid and active unless breaking 0.6395 level and holding below it.
Expected trading range for today is between 0.6300 support and 0.6600 resistance.
Expected trend for today: Neutral
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