Midday update for NZDUSD 13-12-2016
Economies.com
2016-12-13 11:28AM UTC
The NZDUSD pair fluctuates near the key resistance 0.7215, and as we mentioned this morning, the price needs to breach this barrier to reinforce the expectations of continuing the main bullish trend, which gets continuous support by the EMA50, while its main targets begin at 0.7329 and extend to 0.7483.
Therefore, we will continue to suggest the bullish trend in the upcoming period unless breaking 0.7049 level and holding below it.
Expected trading range for today is between 0.7115 support and 0.7329
Expected trend for today: Bullish
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