Midday update for NZDUSD 16-06-2016
Economies.com
2016-06-16 11:00AM UTC
The NZDUSD pair managed to breach 0.7034 level and approached from 0.7100 barrier by today’s opening, noticing that the price shows some bearish bias to retest the breached level, affected by stochastic current negativity.
On the other hand, the EMA50 meets with 0.7034 level to add more strength to it, which encourages us to continue suggesting the bullish trend for today, which conditions holding above 0.6965 level, while its targets begin at 0.7145 and extend to 0.7290.
Expected trading range for today is between 0.6965 support and 0.7145
Expected trend for today: Bullish
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