NZDUSD builds support base – Analysis – 04-07-2016

com-l7The NZDUSD pair settled above 0.7145 level, to build good support base that supports the continuation of the bullish trend domination on the upcoming trades, opening the way to head towards 0.7360 level that represents the next main target.

Therefore, we will continue to suggest the bullish trend in the upcoming period, organized inside the bullish channel that appears on chart, conditioned by the price stability above 0.7145 and the most important above 0.7020.

Expected trading range for today is between 0.7100 support and 0.7300

Expected trend for today: Bullish

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Origin: Economies

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