NZDUSD gets a positive signal – Analysis - 12-12-2016

The NZDUSD pair leans on the EMA50 now, noticing that stochastic moves near the oversold areas, which forms positive motive that we are waiting to assist to push the price to resume the bullish trend in the upcoming sessions, waiting to breach 0.7185 followed by 0.7215 levels to confirm extending the bullish wave on the short term basis, followed by opening the way to visit the previously recorded top at 0.7483 as a next main station.

Therefore, we will continue to suggest the bullish trend for today unless breaking 0.7125 followed by 0.7049 levels and holding below them.

Expected trading range for today is between 0.7100 support and 0.7300

Expected trend for today: Bullish