Midday update for NZDUSD 29-06-2017
Economies.com
2017-06-29 10:44AM UTC
The NZDUSD pair shows bearish bias after finding a difficulty to surpass 0.7329 level this morning, where the price affected by stochastic negativity, and the price might head to test the EMA50 befor it returns to rise again.
In general, the bullish trend scenario remains valid in the upcoming period unless breaking 0.7215 level and holding below it, reminding you that breaching 0.7329 required to reinforce the expectations of targeting 0.7484 level in the upcoming period.
Expected trading range for today is between 0.7265 support and 0.7450
Expected trend for today: Bullish
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