NZDUSD attempts to breach – Analysis - 17-10-2017

Economies.com
2017-10-17 03:40AM UTC

The NZDUSD pair continues to fluctuate around the key resistance 0.7187, waiting to get positive motive that assists to push the price to confirm breaching the mentioned level followed by opening the way to target 0.7275 level as a next main station.

 

In general, we will keep our positive overview for the upcoming period unless breaking 0.7100 level and holding below it, noting that the EMA50 and stochastic provide positive signals that support the expectations to rise.

 

Expected trading range for today is between 0.7100 support and 0.7275

 

Expected trend for today: Bullish

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