NZDUSD retests the breached resistance – Analysis - 16-01-2017
Economies.com
2017-01-16 05:11AM UTC
The NZDUSD pair is retesting the previously breached resistance lien that appears on chart, and as long as the price is above 0.7049, our bullish overview will remain valid and active, waiting to visit 0.7215 level as a next main station.
The EMA50 keeps supporting the price from below, reinforcing the continuation of our positive overview, noting that breaking 0.7049 will push the price to head towards 0.6915 initially before detecting the next destination on the short term basis.
Expected trading range for today is between 0.7015 support and 0.7215
Expected trend for today: Bullish
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