NZDUSD approaches from the support – Analysis - 27-02-2017
Economies.com
2017-02-27 05:46AM UTC
The NZDUSD pair provides negative trading after breaching 0.7250 level, to move now near the EMA50 that protect the price from suffering more of the losses, accompanied by the issuance of clear positive signals on the four hours time frame.
Therefore, we believe that the chances available for resuming the bullish trend in the upcoming sessions, and the targets begin by breaching 0.7250 level to confirm opening the way towards 0.7375, taking into consideration that breaking 0.7174 level will stop the expected rise and pushes the price to return to the bearish correctional track.
Expected trading range for today is between 0.7112 support and 0.7329
Expected trend for today: Bullish
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