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NZDUSD Morning Analysis | 4-Jul-2017

2017-07-05 02:19 am | Resource: | No Views : 153



The NZDUSD pair continue its down movement and get closer to the bullish trend for the upcoming sessions.
The stochastic indicator support the Bullish trend scenario.
If price went up and broke the resistance level of (0.7300) the next resistance would be (0.7480)
Breaking support level of (0.7215) will reverse the trend and push the price to test (0.7055) support area.
 
Estimated trading range for NZDUSD is between (0.7215) for support and (0.7300) for resistance.
 
Current mid and long-term trend: Bullish.
 
 


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