NZD/USD hits the first target – Analysis – 26/02/2016

nzd_2_newsThe NZDUSD pair succeeded to touch our first main waited target at 0.6765, showing more positive attempts with today’s opening, which reinforces the expectations of continuing the bullish trend in the upcoming sessions, and the price needs to breach the mentioned level to open the way to visit 0.6860 level.

Therefore, we will continue to suggest the bullish trend on the intraday and short term basis supported by the EMA50, unless breaking 0.6635 followed by 0.6485 levels and holding below them.

Expected trading range for today is between 0.6635 support and 0.6900 resistance.

Expected trend for today: Bullish

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Origin: Economies.com

 

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