Midday update for NZDUSD 23-01-2017
Economies.com
2017-01-23 11:35AM UTC
0.7215 level still forming solid obstacle against the NZDUSD pair's attempts to rise, to show some slight bearish bias now, noting that stochastic shows overbought signals now that might push the price to provide some temporary negative trading before turning back to rise again.
In general, the bullish trend scenario will remain active for today unless breaking 0.7115 level and holding below it, reminding you that breaching 0.7215 level will lead the price to head towards 0.7329 direct.
Expected trading range for today is between 0.7115 support and 0.7329
Expected trend for today: Bullish
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