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NZDUSD approaches the target – Analysis - 23-01-2018
The NZDUSD pair continued to rise yesterday to approach our first waited target at 0.7375, showing some slight bearish bias now affected by stochastic current negativity, waiting to get enough positive momentum to push the price to achieve more gains in the upcoming sessions.
In general, we will continue to suggest the bullish trend unless breaking 0.7260 level and holding below it, reminding you that breaching the targeted level will extend the pair’s gains to reach 0.7560 as a next main station.
Expected trading range for today is between 0.7260 support and 0.7400
Expected trend for today: Bullish
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