Midday update for NZDUSD 01-12-2016
Economies.com
2016-12-01 11:30AM UTC
The NZDUSD pair shows sideways and tight range trading since morning settled above 0.7049 level, noticing that stochastic begins to provide positive overlapping signal on the four hours time frame, which keeps the chances valid for resuming the bullish trend in the upcoming sessions, waiting for visiting 0.7215 level as a first main target.
Therefore, the bullish bias will remain preferred unless breaking 0.7049 level and holding with a daily close below it.
Expected trading range for today is between 0.7000 support and 0.7215
Expected trend for today: Bullish
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