Midday update for NZDUSD 06-06-2017

Economies.com
2017-06-06 10:03AM UTC

The NZDUSD pair resumes its positive trading to approach from our first waited target at 0.7215, which supports the continuation of the bullish trend scenario efficiently in the upcoming period, waiting for surpassing this level to open the way towards 0.7484 on the near basis.

 

Therefore, the bullish trend will remain the dominant unless breaking 0.7049 level and holding below it.

 

Expected trading range for today is between 0.7070 support and 0.7215

 

Expected trend for today: Bullish

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