Midday update for NZDUSD 13-01-2017

The NZDUSD pair shows sideways trading since yesterday settled above 0.7100 barrier, and by looking deeper to the chart, we find that the last trading confined within bullish continuation flag that appears in the minor image, which means that breaching 0.7115 level will motivate the positive effect for this pattern, then pushes the price to continue the main bullish trend.

Therefore, we believe that the chances are available for resuming the bullish trend in the upcoming sessions, and the main targets begin at 0.7215 and extend to 0.7483 after breaching the previous level, taking into consideration that holding above 0.7049 represents an important condition for the continuation of the suggested rise.

Expected trading range for today is between 0.7049 support and 0.7215

Expected trend for today: Bullish