NZDUSD gets the positive momentum – Analysis - 20-07-2017

The NZDUSD pair keeps its stability above 0.7329 level, noticing that stochastic managed to gain positive momentum on the four hours' time frame by reaching the oversold areas, which forms positive motive that we are waiting to assist to push the price to continue the bullish trend that moves organized inside the main bullish channel that appears on chart.

Therefore, the bullish trend will remain valid and active in the upcoming period conditioned by holding above 0.7329 level, reminding you that our next main target is located at 0.7484.

Expected trading range for today is between 0.7295 support and 0.7450

Expected trend for today: Bullish