Midday update for NZDUSD 26-07-2017
Economies.com
2017-07-26 10:07AM UTC
The NZDUSD pair shows sideways and tight trading since morning and still inside the minor bearish channel that appears on chart, waiting to breach 0.7448 level to confirm the completion of the bullish flag pattern mentioned this morning, which will push the price towards our first target at 0.7484, reminding you that breaching this level will extend the pair's gains to reach 0.7585.
Therefore, the bullish trend will remain valid and active unless breaking 0.7329 followed by 0.7295 levels and holding below them.
Expected trading range for today is between 0.7375 support and 0.7550
Expected trend for today: Bullish
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