NZD USD attempts to resume rising – Analysis - 27/04/2015
Economies.com
2015-04-27 05:06AM UTC
The NZDUSD pair bounced bullishly after approaching from the intraday bullish channel’s support, which supports the continuation of the bullish trend expectations in the upcoming period, targeting 0.7905 followed by 0.8045 levels on the near term basis.
The price needs to breach the EMA50 at 0.7625 to motivate the price to achieve the suggested targets, noting that it is important to hold above 0.7525 level to keep the chances of achieving the expected targets.
Expected trading range for today is between 0.7525 support and 0.7700 resistance.
Expected trend for today: Bullish
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