NZDUSD tests the moving average – Forecast – 14/09/2017

nzd_3_newsThe NZDUSD pair provided negative trading yesterday to lean on the EMA50 and start bouncing bullishly, hinting resuming the main bullish trend, supported by the positivity that appears on stochastic, waiting to breach 0.7275 to reinforce the expectations of heading towards 0.7383 that represents our first main target.

Therefore, the bullish bias will remain suggested for today conditioned by holding above 0.7187, noting that breaching 0.7383 will push the price towards 0.7558 on the near term basis.

Expected trading range for today is between 0.7200 support and 0.7350

Expected trend for today: Bullish

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Origin: Economies

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