Midday update for NZDUSD 26-05-2017
Economies.com
2017-05-26 10:56AM UTC
The NZDUSD pair makes new test to the critical resistance at 0.7049, which provides signals for the price head to breach this level then opening the way towards extending the bullish wave on the short term basis, waiting for heading to 0.7215 that represents our next main target.
Therefore, the bullish trend scenario will remain active for today supported by the EMA50, unless breaking 0.6915 level and holding with a daily close below it.
Expected trading range for today is between 0.6960 support and 0.7150
Expected trend for today: Bullish
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