Midday update for NZDUSD 21-02-2017
Economies.com
2017-02-21 11:15AM UTC
The NZDUSD pair continues its decline to approach from the initial waited target at 0.7112, keeping the bearish bias active for the rest of the day, reminding you that breaking the mentioned level will extend the bearish correctional wave towards 0.7049 directly, while breaching 0.7174 level will form positive factor that stops the current bearish correction and leads the price to return to the bullish trend.
Expected trading range for today is between 0.7049 support and 0.7215
Expected trend for today: Bearish
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