Midday update for NZDUSD 28-03-2017

Economies.com
2017-03-28 11:34AM UTC

The NZDUSD pair shows slight bearish bias after testing the critical resistance level at 0.7049 in the last days, which might push the price to head to the support level at 0.6915 in the upcoming sessions, pointing that these levels represent the next trend keys, which means that the price needs to breach one of them to detect its next trend clearly.

 

Therefore, our neutral attitude will remain valid until now, to recognize the details of the expected targets, please review our morning report.

 

Expected trading range for today is between 0.6950 support and 0.7135

 

Expected trend for today: Depends on the above mentioned levels

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