Midday update for NZDUSD 08-12-2016
Economies.com
2016-12-08 11:11AM UTC
The NZDUSD pair fluctuates near the key resistance 0.7215, and the price might need to breach this level to open the way to head towards our next main target at 0.7483, noting that the EMA50 provides continuous positive support to the price, which encourages us to continue suggesting the bullish trend in the upcoming sessions, noting that stochastic negativity might force the price to provide some temporary sideways trading before resuming the expected rise.
We remind you that the continuation of the positive overview for today depends on holding above 0.7170.
Expected trading range for today is between 0.7150 support and 0.7329
Expected trend for today: Bullish
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