Midday update for NZD USD 22/05/2015
Economies.com
2015-05-22 10:56AM UTC
The NZDUSD pair found good resistance at the EMA50 to show some slight bearish bias now, which is supported by stochastic negativity, which might push the price to test the key support 0.7250, which represents one of the next trend keys besides 0.7440 resistance.
And as we mentioned this morning, the price needs to beach one of these levels to detect the next trend clearly, which makes us continue with our neutrality until now, and to know more about the expected targets after the breach, please review our morning report.
Expected trading range for today is between 0.7250 support and 0.7500 resistance.
Expected trend for today: Neutral
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