NZDUSD reaches the first target – Analysis - 24-05-2017
Economies.com
2017-05-24 03:11AM UTC
The NZDUSD pair was few pips away from our first waited target at 0.7049, showing sideways fluctuation now, waiting to get enough positive momentum to push the price to resume the bullish trend, as the price needs to breach 0.7049 to confirm extending the bullish wave towards 0.7215.
Therefore, we will continue to suggest the bullish trend in the upcoming sessions unless breaking 0.6915 level, as breaking this level will put the price within the bearish channel again, to head towards testing 0.6780 initially.
Expected trading range for today is between 0.6960 support and 0.7100
Expected trend for today: Bullish
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