NZDUSD surpasses the target – Analysis - 15-01-2018

The NZDUSD pair keeps rallying bullishly to breach 0.7261 level and attempts to hold above it, which hints the price head to achieve more rises on the short term basis, paving the way to test 0.7375 level as a next station.

Therefore, the bullish trend will be suggested on the intraday and short term basis unless breaking 0.7170 level and holding below it, noting that stochastic provides positive signals now to motivate the price to continue rising.

Expected trading range for today is between 0.7200 support and 0.7375

Expected trend for today: Bullish