NZDUSD breaches the resistance – Analysis - 23-05-2017
Economies.com
2017-05-23 04:27AM UTC
The NZDUSD pair rallied upwards strongly yesterday to breach the bearish channel's resistance and settles above it, which pushes the price to turn its intraday and short term track to rise, to start the positive targets at 0.7049 and extend to 0.7215 after breaching the previous level.
Therefore, we suggest witnessing more rise in the upcoming sessions, taking into consideration that breaking 0.6915 will stop the expected rise and push the price to decline again.
Expected trading range for today is between 0.6915 support and 0.7100
Expected trend for today: Bullish
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