Midday update for NZDUSD 16-02-2017
Economies.com
2017-02-16 11:43AM UTC
The NZDUSD pair fluctuates within sideways track since morning after approaching from 0.7250 level, as the price was affected by stochastic and the EMA50 negativity, waiting to get enough positive momentum to push the price to breach the mentioned level followed by heading towards our next main target at 0.7375.
In general, the positive scenario will remain valid for today unless breaking 0.7174 level and holding below it.
Expected trading range for today is between 0.7155 support and 0.7329
Expected trend for today: Bullish
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