Midday update for NZDUSD 16-03-2017

The NZDUSD pair remains confined between the critical levels that represented by 0.6915 support and 0.7049 resistance, where the price needs to breach one of these level to detect its next target clearly, which makes us remain neutral until getting clearer confirmation signal for the next trend.

To recognize the expected targets from the breach, please review our morning report, pointing that the contradiction between stochastic positivity and the EMA50 negativity provide another reason for the neutrality.

Expected trading range for today is between 0.6900 support and 0.7100

Expected trend for today: Depends on the above mentioned levels