NZDUSD near the first target – Analysis – 21.06.2016

usd-nzdThe NZDUSD pair settles near the first main waited target at 0.7145, waiting to breach this level to confirm opening the way to continue the rise to target 0.7300 areas as a next main station.

The EMA50 continues to support the price from below, reinforcing the positive scenario that its continuation conditions holding above 0.6965.

Expected trading range for today is between 0.7034 support and 0.7250

Expected trend for today: Bullish

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Origin: Economies

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