NZDUSD under the negative pressure – Analysis - 10-01-2018
Economies.com
2018-01-10 05:10AM UTC
The NZDUSD pair ended yesterday's trading below 0.7170, but it gets positive support by the EMA50 to push the price to rise and attempt to move above the mentioned level, accompanied by witnessing positive overlapping signal through stochastic.
Therefore, these factors encourage us to suggest the positive trades in the upcoming sessions, as our next target is located at 0.7260, noting that settling with another daily close below 0.7170 will stop the expected rise and push the price to decline towards 0.7077 initially.
Expected trading range for today is between 0.7100 support and 0.7250
Expected trend for today: Bullish
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