NZD USD heads to test the support – Analysis - 05/03/2015
Economies.com
2015-03-05 06:06AM UTC
The NZDUSD pair begins today’s trading with bearish bias approaching from the bullish channel’s support that appears on image, which meets the EMA50 to add more strength to it, besides that stochastic is getting rid of its negativity to gain positive momentum on the four hours time frame.
These factors encourage us to continue suggesting the bullish trend in the upcoming period, reminding you with our main waited target at 0.7700, while achieving it conditions holding above 0.7520.
Expected trading range for today is between: 0.7450 support and 0.7660 resistance.
Expected trend for today: Bullish
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