NZDUSD continues to achieve gains – Analysis – 03-11-2016

forex-news-usd_dollarThe NZDUSD pair shows more clear bullish bias to approach from 0.7329 level now, and as we mentioned in our recent reports, the price needs to breach this level to ease the mission of continuing the main bullish trend, which is organized inside the bullish channel that appears on chart.

Therefore, the bullish trend scenario will remain valid and active in the upcoming sessions conditioned by the price stability above 0.7220 level, noting that the main target of the current bullish channel is located at 0.7675.

Expected trading range for today is between 0.7220 support and 0.7420

Expected trend for today: Bullish

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Origin: Economies

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