Midday update for NZDUSD 14-12-2016
Economies.com
2016-12-14 11:26AM UTC
The NZDUSD pair hovers around 0.7215 level since morning, while stochastic continues to get rid of the negative momentum and gain the positive momentum gradually, which keeps the chances valid to breach the mentioned level followed by reinforcing the chances of continuing the bullish trend scenario in the upcoming period.
Therefore, we will keep our positive overview unless we witnessed clear break and holding below 0.7049 level, noting that the positive targets begin at 0.7329 and extend to 0.7483.
Expected trading range for today is between 0.7145 support and 0.7329
Expected trend for today: Bullish
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