NZDUSD leans on the moving average – Analysis - 28-06-2017

The NZDUSD pair begins to rebound bullishly after leaning on the EMA50 that forms good support base against the intraday trading, while stochastic provides positive signal on the four hours' time frame, to form positive motive that we are waiting to assist to push the price to achieve more rise in the upcoming period.

Therefore, we will continue to suggest the bullish trend on the intraday and short term basis, and breaching 0.7329 will confirm opening the way to head towards 0.7484, reminding you that holding above 0.7215 represents the most important condition to continue the suggested rise.

Expected trading range for today is between 0.7215 support and 0.7400

Expected trend for today: Bullish