NZDUSD resumes rising – Analysis - 17-01-2017
Economies.com
2017-01-17 04:43AM UTC
The NZDUSD pair settled above the previously breached resistance line, and the price gets positive motive provided by stochastic now, reinforcing the chances of resuming tine bullish trend in the upcoming period, waiting to visit 0.7215 level as a first main target.
Therefore, our bullish overview will remain valid for today conditioned by the price stability above 0.7049 level, reminding you that breaching 0.7215 level will open the way to extend the pair's gains to reach 0.7483 on the near term basis.
Expected trading range for today is between 0.7045 support and 0.7215
Expected trend for today: Bullish
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