NZDUSD touches the first target – Analysis - 01-02-2017
Economies.com
2017-02-01 05:20AM UTC
The NZDUSD pair succeeded to touch our first main waited target at 0.7329, noticing that the price bounced downwards strongly from there, to break the intraday bullish channel's support that appears on chart, on its way to test the key support 0.7215.
In general, holding above the mentioned support will keep the bullish trend scenario active on the intraday and short term basis, which gets continuous support by the EMA50, reminding you that breaching 0.7329 will lead the price to head towards 0.7484 direct.
Expected trading range for today is between 0.7215 support and 0.7370
Expected trend for today: Bullish
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