Midday update for NZDUSD 29-03-2017

The NZDUSD pair shows some bullish bias heading towards new test to the key resistance 0.7049, which represents one of the next trend keys besides 0.6915 support, reminding you that the price needs to breach one of these levels to detect its next destination clearly.

Therefore, our neutrality will remain valid until now until we get clearer confirmation signal for the next trend, noting that the details of the expected targets after the breach are explained in our morning report.

Expected trading range for today is between 0.6915 support and 0.7100

Expected trend for today: Depends on the above mentioned levels