NZDUSD keeps rising – Analysis – 03/05/2016

usd-nzdThe NZDUSD pair confirmed breaching 0.7000 level after closing the daily candlestick above it, and it opens today’s trading with positivity heading towards our first main target located at 0.7125, which supports the continuation of our bullish overview on the intraday and short term basis, which is organized inside the bullish channel that appears on chart.

The EMA50 continues to support the suggested bullish wave, which its continuation conditions holding above 0.6775 level.

Expected trading range for today is between 0.6970 support and 0.7170

Expected trend for today: Bullish

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Origin: Economies

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