NZDUSD returns to rise – Analysis - 06-12-2016
Economies.com
2016-12-06 05:41AM UTC
The NZDUSD pair returns to trade positively to approach from the initial resistance located now at 0.7170, and we are still waiting to breach this level to confirm the return to the bullish channel that appears on chart, followed by pushing the price to confirm regaining the main bullish trend.
In general, we will continue to suggest the bullish bias in the upcoming sessions as long as the price is above 0.7049 level, supported by the EMA50 that carries the price from below, reminding you that our positive targets begin at 0.7215 and extend to 0.7483 after breaching the previous level.
Expected trading range for today is between 0.7070 support and 0.7250
Expected trend for today: Bullish
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