Midday update for NZDUSD 20-02-2017
Economies.com
2017-02-20 11:22AM UTC
The NZDUSD pair keeps its stability above the critical support levels between 0.7174 and 0.7160, showing slight bullish bias now in attempt to resume the bullish trend, which keeps the bullish trend scenario valid for today, supported by stochastic positivity, waiting for targeting 0.7250 level as a next main station.
You should be aware that breaking the above mentioned levels will push the price to extend its bearish correction towards 0.7112 and it might head to 0.7049 before any new attempt to rise.
Expected trading range for today is between 0.7100 support and 0.7300
Expected trend for today: Bullish
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