NZDUSD reaches the target – Analysis - 05-01-2018
Economies.com
2018-01-05 05:03AM UTC
The NZDUSD pair rallied upwards yesterday to reach our waited target at 0.7170, which represents 50% Fibonacci correction level for the decline measured from 0.7558 to 0.6780, which means that breaching this level will push the price towards 0.7260 direct.
The EMA50 keeps providing the positive support to the price, to support the chances of extending the bullish wave in the upcoming period, which encourages us to continue suggesting the bullish trend in the upcoming sessions, conditioned by settling above 0.7077.
Expected trading range for today is between 0.7100 support and 0.7250
Expected trend for today: Bullish
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