Midday update for NZDUSD 12-01-2018

Economies.com
2018-01-12 11:38AM UTC

The NZDUSD pair shows some bearish bias since morning that hints heading to decline in the upcoming sessions, which supports the continuation of our bearish overview for today, supported by stochastic negativity that appears clearly on the four hours' time frame, reminding you that we are waiting to test 0.7170 level mainly, while breaching 0.7260 represents the key to extend the correctional bullish wave to reach 0.7375 as a next station.

 

Expected trading range for today is between 0.7170 support and 0.7320

 

Expected trend for today: Bearish

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