Midday update for NZDUSD 08-03-2018
Economies.com
2018-03-08 10:42AM UTC
The NZDUSD pair faces clear negative pressure now to trade below 0.7281 level, but we notice that the EMA50 forms good support in attempt to protect the price from suffering more losses, which keeps the chances valid to regain the bullish trend, and the price needs to breach 0.7281 level to confirm heading towards 0.7335 followed by 0.7436 levels as next main stations, taking into consideration that pushing on 0.7255 level and holding below it will stop the positive possibility and push the price towards 0.7185 as a first target.
Expected trading range for today is between 0.7200 support and 0.7380
Expected trend for today: Bullish
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