NZDUSD resumes rising – Analysis - 02-02-2017
Economies.com
2017-02-02 05:15AM UTC
The NZDUSD pair bounced upwards clearly after the EMA50 formed strong support base that managed to stop the last decline, to approach from the first waited target at 0.7329, waiting to breach this level to confirm opening the way to head towards our next target at 0.7484.
Therefore, we will continue to suggest the bullish trend in the upcoming sessions, supported by the positive signal that appears clearly on stochastic, reminding you that it is important to hold above 0.7215 to achieve the suggested targets.
Expected trading range for today is between 0.7250 support and 0.7420
Expected trend for today: Bullish
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