NZDUSD tests the initial support – Analysis - 22-09-2017
Economies.com
2017-09-22 04:01AM UTC
The NZDUSD pair shows bearish bias to test 0.7275 level, noticing that the EMA50 meets the mentioned support to add more strength to it, while stochastic shows clear oversold signals now.
Therefore, these factors encourage us to continue suggesting the bullish trend in the upcoming sessions, and the targets begin at 0.7383 and extend to 0.7558 after breaching the previous level, reminding you that holding above 0.7187 is important to continue to expected bullish trend.
Expected trading range for today is between 0.7200 support and 0.7383
Expected trend for today: Bullish
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