Midday update for NZD USD 28/07/2015
Economies.com
2015-07-28 10:35AM UTC
The NZDUSD pair shows more bullish bias that still move inside the minor bullish channel shown in our morning report, waiting to break 0.6570 level to get a negative motive that supports resuming the overall bearish trend, which still valid as long as the price is below 0.6820 level.
Therefore, we will keep the expectations of the bearish trend that its next main target located at 0.6395 and extend to 0.6085 after breaking the previous level.
Expected trading range for today is between 0.6500 support and 0.6700 resistance.
Expected trend for today: Bearish
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