NZDUSD attempts positively – Analysis – 11/03/2016

usd-nzdThe NZDUSD pair is testing the EMA50 that forms intraday resistance now at 0.6700, and the price needs to breach this level to open the way to head towards our next main target located at 0.6860, noticing that stochastic offers positive signals now that support the chances of achieving the required breach.

Thus, our bullish overview will remain valid and active for the upcoming sessions conditioned by holding above 0.6625 level, as breaking this level will push the price to test 0.6430 areas before any new attempt to rise.

Expected trading range for today is between 0.6600 support and 0.6800

Expected trend for today: Bullish

nzdusd14

Origin: Economies

 

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