NZDUSD negotiates the resistance – Analysis - 25-05-2017
Economies.com
2017-05-25 02:45AM UTC
The NZDUSD pair settles at our first target at 0.7049, and the price needs to get positive motive that assists to push trading to breach the mentioned level followed by rallying towards 0.7215 as a next main target.
The EMA50 provides positive support to the price, reinforcing the chances of continuing the bullish trend scenario in the upcoming period, to continue suggesting the bullish bias on the intraday and short term basis, reminding you that holding above 0.6915 represents key condition to continue the suggested bullish trend.
Expected trading range for today is between 0.6960 support and 0.7150
Expected trend for today: Bullish
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