Midday update for NZDUSD 19-01-2017
Economies.com
2017-01-19 11:03AM UTC
The NZDUSD pair rallied upwards strongly this morning to reach the thresholds of the first main target at 0.7215, and as we mentioned in our last report, breaching this level will push the pair to head towards 0.7329 direct, and the price gets positive signals through the EMA50 and stochastic that we are waiting to motivate the price to achieve the required breach.
Therefore, the bullish trend will remain valid for the rest of the day unless breaking 0.7115 and the most important 0.7049 and holding below them.
Expected trading range for today is between 0.7070 support and 0.7260
Expected trend for today: Bullish
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