NZDUSD gets a positive motive – Analysis - 10-07-2018

The NZDUSD pair trades positively now, motivated by the positive signal provided by stochastic on the four hours’ time frame, which supports the continuation of our bullish overview on the intraday and short term basis, waiting to test 0.6900 level that represents the bearish channel’s resistance that appears on the chart.

The EMA50 supports the expected rise, which its continuation conditions holding above 0.6770.

Expected trading range for today is betwenen 0.6800 support and 0.6920

Expected trend for today: Bullish