NZDUSD succeeds to breach – Analysis - 24-01-2017

Economies.com
2017-01-24 04:54AM UTC

The NZDUSD pair managed to confirm breaching 0.7215 level after closing the daily candlestick above it, which supports the continuation of our bullish overview efficiently in the upcoming period, and the way is open to visit 0.7329 that represents our first main target, noting that breaching this level will extend the bullish wave to reach 0.7483 on the near term basis.

 

Therefore, we are waiting more rise for today supported by the EMA50, conditioned by the price stability above 0.7215.

 

Expected trading range for today is between 0.7160 support and 0.7350

 

Expected trend for today: Bullish

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