The NZDUSD gets positive signals – Analysis - 16-12-2019
Economies.com
2019-12-16 05:56AM UTC
The NZDUSD pair provided negative trading in the last sessions to approach from 0.6560 level, noticing that stochastic gains positive momentum and begins to provide positive signals now, to form a positive motice that we wait to assit to push the price to resume the bullish trend, which gets a continuous positive support from the EMA50.
Therefore, these factors encourage us to keep preferring the bullish trend in the upcoming period, and its next target at 0.6650, being aware that holding above 0.6565 is important for the continuation of the expected rise.
The expected trading range for today is between 0.6565 support and 0.6670
The expected trend for today: Bullish
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