NZDUSD resumes rising – Analysis - 30-11-2016

The NZDUSD pair traded with clear positivity yesterday to begin the attempt to return to the previously broken bullish channel, as it attempts to breach the resistance that was formed at 0.7140 level, which reinforces the chances of continuing the expected bullish trend on the intraday and short term basis.

Therefore, we will continue to suggest the bullish trend in the upcoming sessions supported by the EMA50, noting that the main targets begin at 0.7215 and extend to go further towards 0.7483 after breaching the previous level, reminding you that holding above 0.7049 represents key condition to achieve the suggested targets.

Expected trading range for today is between 0.7049 support and 0.7250

Expected trend for today: Bullish