NZDUSD attempts to get rid of the negative momentum – Analysis - 21-04-2017
Economies.com
2017-04-21 03:57AM UTC
The NZDUSD pair shows more calm bearish bias to move below 0.7000, noting that stochastic attempts to get rid of its negative momentum on the daily time frame, which supports the chances of resuming the bullish trend in the upcoming sessions, waiting to breach 0.7049 to confirm opening the way to head towards 0.7215 mainly.
Therefore, the overall bullish trend scenario will remain valid on the intraday and short term basis unless breaking 0.6915 level and holding with a daily close below it.
Expected trading range for today is between 0.6915 support and 0.7100
Expected trend for today: Bullish
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