NZDUSD gets the positive momentum – Forecast – 11/09/2017

news_22_feb_nzd_usd_2The NZDUSD pair continued its decline to retest the previously breached resistance that turns into support now at 0.7225 as appears on chart, which is met by the EMA50 to add more strength to it, while stochastic enters the oversold areas now.

Therefore, we believe that the chances are valid to trade positively in the upcoming sessions, and the targets begin at 0.7383 and extend to 0.7558, noting that breaking 0.7187 will push the price to achieve more decline to test 0.7100 initially.

Expected trading range for today is between 0.7187 support and 0.7340

Expected trend for today: Bullish

wq1

Origin: Economies

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