NZDUSD begins the breaching attempts – Analysis - 20-01-2017

The NZDUSD pair succeeded to touch our first main target at 0.7215, and begins today with bullish bias in attempt to breach this level, which supports the continuation of the main bullish trend on the intraday and short term basis, getting continuous positive support by the EMA50.

Therefore, we are waiting for more positivity in the upcoming sessions, the next target is located at 0.7329, and the positive targets extend to reach 0.7484 after breaching the previous level, while holding above 0.7115 represents the first protecting factor to the continuation of the suggested positive scenario.

Expected trading range for today is between 0.7150 support and 0.7329

Expected trend for today: Bullish