Midday update for NZDUSD 06-12-2016
Economies.com
2016-12-06 11:02AM UTC
The NZDUSD pair faces difficulty to surpass 0.7170 barrier now, as the price is affected by stochastic negativity that appears clearly on the four hours' time frame, waiting to get enough positive momentum to push the price to breach the mentioned level followed by opening the way to achieve our targets that start at 0.7215 followed by 0.7483.
Therefore, the bullish trend will remain suggested for today unless breaking 0.7049 level and holding below it.
Expected trading range for today is between 0.7070 support and 0.7250
Expected trend for today: Bullish
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