NZDUSD recovers – Analysis - 12-03-2018
Economies.com
2018-03-12 05:03AM UTC
The NZDUSD pair opens today’s trading with strong positivity to breach 0.7281 and settles above it, to move inside an intraday bullish channel that supports the chances of regaining the main bullish trend, on its way to achieve potential gains that start at 0.7370 and extend to 0.7436.
Therefore, we suggest witnessing more rise in the upcoming sessions, supported by the EMA50, taking into consideration that breaking 0.7281 – 0.7260 levels will put the price within the correctional bearish track again.
Expected trading range for today is between 0.7260 support and 0.7400
Expected trend for today: Bullish
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