Midday update for NZDUSD 18-07-2018

The NZDUSD pair achieved initial break to 0.6774 level and closed the four hours’ candlestick below it, to hint the price head to activate the bearish trend scenario on the intraday basis, but we need to get a daily close below this level or above 0.6827 to determine the next targets clearly.

Therefore, we will continue with our neutrality until we get a clearer signal for the next trend, noting that the details of the expected targets after the breach are explained in our morning report.

Expected trading range for today is betwenen 0.6670 support and 0.6870

Expected trend for today: Neutral