Midday update for NZDUSD 20-07-2017
Economies.com
2017-07-20 09:55AM UTC
The NZDUSD pair approaches from testing 0.7329 level now, accompanied by stochastic reach to the thresholds of the oversold areas, while the EMA50 forms continuous positive support to the price.
Therefore, these factors encourage us to continue suggesting the bullish trend on the intraday and short term basis, which its next target located at 0.7484, while holding above 0.7329 represents the first condition to achieve it.
Expected trading range for today is between 0.7295 support and 0.7450
Expected trend for today: Bullish
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