NZDUSD recovers – Analysis – 17/03/2016

nzd_1_newsThe NZDUSD pair traded with strong positivity yesterday’s evening to breach 0.6660 level and settle above it, which re-activate the positive scenario on the intraday and short term basis, opening the way to head towards visiting 0.6860 level mainly.

Therefore, the bullish bias will be suggested for the upcoming sessions supported by the EMA50, unless we witnessed new break to 0.6660 level and holding with a daily close below it.

Expected trading range for today is between 0.6660 support and 0.6860

Expected trend for today: Bullish

nzdusd18

Origin: Economies

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