Midday update for NZDUSD 07-03-2017

The NZDUSD pair tests the critical support at 0.6973 and bounced higher from there, which confirms the strength of this level against the negative pressure and reinforces the expectations for bouncing higher to resume the bullish trend on the intraday and short term basis.

Therefore, our bullish trend expectations will remain valid and active for today conditioned by holding above 0.6973, reminding you that our main targets begin at 0.7150 then attempt to breach 0.7174 to confirm the continuation of the bullish trend on the long term basis.

Expected trading range for today is between 0.6915 support and 0.7112

Expected trend for today: Bullish