NZDUSD attempts to breach – Analysis - 14-12-2016
Economies.com
2016-12-14 04:48AM UTC
The NZDUSD pair is testing 0.7215 level again, waiting to breach this level to confirm the continuation of the bullish wave on the short term basis, followed by opening the way to head towards the previously recorded top at 0.7483 as a next main station.
In general, we will continue to suggest the overall bullish trend supported by the EMA50, besides stochastic heading towards the oversold areas, noting that the continuation of the expected rise depends on trading stability above 0.7049.
Expected trading range for today is between 0.7145 support and 0.7329
Expected trend for today: Bullish
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