NZD/USD – Analysis – 25-08-2016

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The NZDUSD made significant attempts to breach the 0.7323 level and it is still moving in the positive bullish trend on the short term basis. It is highly expected that its next main station will be targeting 0.7565.

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The EMA50 has shown positive support for the prices and confirmed its trading inside the bullish channel. As a result, we can conclude rise in prices for today.

Expected trading range for today is between 0.7215 support and 0.7450
Expected trend for today: Bullish

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