NZDUSD touches the first target – Analysis - 08-12-2016
Economies.com
2016-12-08 05:09AM UTC
The NZDUSD pair rallies upwards strongly to succeed to breach 0.7170 level and touch our first main target at 0.7215, as the price is attempting to breach this level now, which supports the continuation of our bullish trend expectations efficiently in the upcoming period, waiting to open the way to head towards the recently recorded top at 0.7483.
Holding above 0.7170 represents key condition to continue the bullish momentum for today, as breaking it represents negative factor that will push the price to visit 0.7049 level again before any new attempt to rise.
Expected trading range for today is between 0.7150 support and 0.7329
Expected trend for today: Bullish
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