NZDUSD approaches from the resistance – Analysis - 13-12-2016
Economies.com
2016-12-13 05:36AM UTC
The NZDUSD pair continued its rise to approach from our first main waited target at 0.7215, and the price needs to breach this level to confirm opening the way to head towards the previously recorded top at 0.7483.
The EMA50 continues to support the suggested bullish wave, while the price might be forced to show some temporary sideways fluctuation affected by stochastic negativity before turning back to rise, taking into consideration that the continuation of the main bullish trend depends on the stability above 0.7049.
Expected trading range for today is between 0.7115 support and 0.7329
Expected trend for today: Bullish
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