NZD USD faces the moving average – Analysis – 02/03/2016

com-l7The NZDUSD pair continues to crawls upwards calmly to face good resistance formed by the EMA50 at 0.6645, and the price needs to surpass this level to confirm the continuation of the bullish trend, reminding you with the main target of the current bullish wave located at 0.6860.

Note that holding above 0.6550 and 0.6470 levels represents key condition to achieve the above- mentioned target.

Expected trading range for today is between 0.6500 support and 0.6735 resistance.

Expected trend for today: Bullish

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Origin: economies.com

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