NZDUSD resumes rising – Analysis – 08.06.2016

nzd_3_newsThe NZDUSD pair traded with clear positivity after leaning on the bullish channel’s support that appears on chart, which supports the continuation of the bullish wave on the intraday and short term basis, and the way is open to visit the previously recorded top at 0.7052.

The EMA50 supports the expected rise, which its continuation conditions holding above 0.6885.

Expected trading range for today is between 0.6885 support and 0.7052

Expected trend for today: Bullish

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Origin: Economies

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