Midday update for NZDUSD 27-01-2017
Economies.com
2017-01-27 12:03PM UTC
The NZDUSD pair settles at the intraday bullish channel's support line that appears on chart, noticing that the EMA50 protects trading inside this channel, while stochastic provides positive signals on the four hours' time frame.
Therefore, we believe that the chances are valid to resume the bullish trend in the upcoming sessions, and the positive targets begin at 0.7329 and extend to 0.7483, while achieving them conditions holding above 0.7215.
Expected trading range for today is between 0.7180 support and 0.7400
Expected trend for today: Bullish
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