Midday update for NZDUSD 07-02-2017
Economies.com
2017-02-07 11:12AM UTC
The NZDUSD pair traded with strong negativity to move below 0.7329 again, but it remains stable above the bullish channel’s support that its lines appear in the image, keeping the chances valid for resuming the main bullish trend, and its next target located at 0.7484.
Therefore, we will keep preferring the bullish trend for the rest of the day unless breaking 0.7275 level and holding below it.
Expected trading range for today is between 0.7300 support and 0.7484
Expected trend for today: Bullish
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