Midday update for NZDUSD 18-08-2017
Economies.com
2017-08-18 11:09AM UTC
The NZDUSD pair trades with clear positivity to start testing the key resistance 0.7329, and as we mentioned this morning, this level represents the neckline of the bullish pattern that appears on chart, therefore, confirming the breach will reinforce the expectations of continuing the bullish trend on the intraday and short term basis, which targets 0.7383 followed by 0.7450 levels initially.
Stochastic provides clear positive signals to reinforce the expectations of rising, which its continuation conditions holding above 0.7275.
Expected trading range for today is between 0.7220 support and 0.7390
Expected trend for today: Bullish
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