Midday update for NZDUSD 05-12-2016
Economies.com
2016-12-05 11:11AM UTC
The NZDUSD pair fluctuates near the EMA50 that forms positive support to protect the key support 0.7049, and as long as the price is above this level, our bullish overview will remain valid for today, waiting to target 0.7215 followed by 0.7483 mainly, noting that stochastic approaches from the oversold areas to provide positive motive that supports the continuation of the suggested rise.
Expected trading range for today is between 0.7049 support and 0.7215
Expected trend for today: Bullish
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