NZDUSD begins negatively – Analysis - 17-01-2018

Economies.com
2018-01-17 05:33AM UTC

The NZDUSD pair opens today's trading with clear negativity to move below 0.7261, but we will depend on the stability of the daily close above the mentioned level to continue suggesting the bullish trend in the upcoming sessions, supported by stochastic current positivity, waiting to resume the bullish trend that its next target located at 0.7375.

 

Therefore, our positive overview will remain valid for today unless the price continued its negative pressure to break 0.7220 level and settles below it.

 

Expected trading range for today is between 0.7200 support and 0.7350

 

Expected trend for today: Bullish

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