NZDUSD attacks the resistance again – Analysis - 18-07-2017

The NZDUSD pair shows mixed trading by today's opening, as it rises strongly after the decline that it witnessed by the first hours of this day, to move above 0.7329 level again, keeping the chances valid to continue the expected bullish trend on the intraday and short term basis, as the EMA50 managed to protect the price from suffer more losses, while stochastic provides positive signals now.

Therefore, these factors encourage us to keep our bullish overview in the upcoming sessions, waiting to head towards our next main target at 0.7484, which its continuation conditions holding above 0.7329 and 0.7280 levels.

Expected trading range for today is between 0.7280 support and 0.7440

Expected trend for today: Bullish