Midday update for NZDUSD 03-03-2017
Economies.com
2017-03-03 11:41AM UTC
The NZDUSD pair continues to decline to touch the correctional bearish channel's support that appears on chart, and the way is open to target 76.4% Fibonacci level at 0.6973, which keeps the bearish trend scenario valid for the rest of the day, reminding you that breaking this level will push the price towards 0.6848 as a next main station.
In general, the negative pressure will remain valid on the intraday and short term basis unless the price managed to breach 0.7174 level and holding above it.
Expected trading range for today is between 0.6915 support and 0.7112
Expected trend for today: Bearish
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