NZDUSD keeps the support base – Analysis - 02-12-2016

The NZDUSD pair tested the key support 0.7049 and kept its stability above it, as the EMA50 met this level to add more strength to it, while stochastic provides clear positive signals on the four hours' time frame.

Therefore, these factors encourage us to continue suggesting the bullish trend in the upcoming period, to start the positive targets at 0.7215 and extend to 0.7483, reminding you that it is important to hold above 0.7049 to continue the suggested bullish wave.

Expected trading range for today is between 0.7000 support and 0.7215

Expected trend for today: Bullish