Midday update for NZDUSD 22-02-2018

The NZDUSD pair shows some bullish bias after hitting the bearish channel’s support that appears in the image, in its way to a potential test to the critical resistance at 0.7380, as we mentioned this morning, this resistnace represents one of the next trend keys besides 0.7281 support, waiting for surpassing one of these levels to detect the next trend clearly.

Therefore, we will remain neutral until getting clearer confirmation signal for the next trend, pointing that the details of the expected targets from the breach are explained in our morning report.

Expected trading range for today is between 0.7220 support and 0.7400

Expected trend for today: Depends on the above mentioned levels