NZDUSD gets a positive motive – Analysis - 08-02-2017
Economies.com
2017-02-08 05:36AM UTC
The NZDUSD pair tested the bullish channel’s support that appears in the chart and keeps its stability above this level, noticing that stochastic shows positive signals now, waiting for motivating the price to resume the bullish trend in the upcoming sessions, which gets continuous support from the EMA50.
Therefore, we believe that the chances available for surpassing 0.7329 barrier then opening the way towards 0.7484 that represents the next main target, being aware that holding above 0.7285 represents the initial condition for the continuation of the expected rise.
Expected trading range for today is between 0.7215 support and 0.7450
Expected trend for today: Bullish
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