Midday update for NZDUSD 21-12-2016

The NZDUSD pair returns to trade negatively to push on 0.6915 level again, which supports the continuation of the bearish trend scenario efficiently in the upcoming period, reinforced by the negative signal provided by stochastic now, waiting to test 0.6780 level initially.

In general, the bearish bias will remain suggested on the intraday and short term basis unless breaching 0.6970 level and holding above it.

Expected trading range for today is between 0.6800 support and 0.7000

Expected trend for today: Bearish