Midday update for NZDUSD 07-12-2016
Economies.com
2016-12-07 11:04AM UTC
The NZDUSD pair shows slight bullish bias to approach from 0.7170 level gradually, as the price gets positive motive through stochastic and the EMA50, which supports the chances of breaching the mentioned level followed by pushing the price to continue the bullish trend on the short term basis.
Therefore, we will keep our bullish trend expectations that target 0.7215 followed by 0.7483, reminding you that it is important to hold above 0.7049 to achieve the suggested targets.
Expected trading range for today is between 0.7049 support and 0.7215
Expected trend for today: Bullish
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