NZDUSD test the resistance – Analysis - 06-02-2017
Economies.com
2017-02-06 04:46AM UTC
The NZDUSD pair returns to fluctuate at the key resistance 0.7329 in attempt to breach it, as the price needs to confirm surpassing this barrier to rally towards our next target at 0.7484, noting that the EMA50 keeps providing the positive support to the price, reinforcing the chances of achieving the required breach.
Therefore, we will continue to suggest the bullish trend in the upcoming sessions, taking into consideration that breaking 0.7215 will stop the expected rise and push the price to head towards 0.7049 before any new attempt to rise.
Expected trading range for today is between 0.7275 support and 0.7450
Expected trend for today: Bullish
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