NZDUSD continues to rise – Analysis - 16-01-2018
Economies.com
2018-01-16 05:22AM UTC
The NZDUSD pair continued its rise yesterday to settle around 0.7300 level, waiting to get enough positive momentum to push the price to achieve more gains and visit 0.7375 level that represents our next main target.
In general, we will continue to suggest the bullish trend in the upcoming sessions conditioned by holding above 0.7261, as breaking it will push the price to test 0.7170 areas initially before any new attempt to rise, noting that breaching 0.7375 will provide strong positive signals of regaining the main bullish track again.
Expected trading range for today is between 0.7230 support and 0.7375
Expected trend for today: Bullish
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