Midday update for NZDUSD 26-01-2017

Economies.com
2017-01-26 11:26AM UTC

The NZDUSD pair shows some bearish bias since morning to approach from the critical support at 0.7215, as long as the price above this level, so our bullish trend expectations will remain valid and active, waiting for attacking 0.7329 level to breach it and open the way towards 0.7484 that represents the next main target.

 

Therefore, the bullish trend will remain preferred unless witnessing clear break and stability below 0.7215 level.

 

Expected trading range for today is between 0.7215 support and 0.7400

 

Expected trend for today: Bullish

 

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