NZDUSD awaits the breach – Analysis - 08-06-2017

The NZDUSD pair didn’t shows any strong move yesterday to remain stable near 0.7215 level, pointing that stochastic negativity explains the reasons for the difficulty of breaching he mentioned level, which might push the price to provide more of the sideways trading until gaining enough positive momentum to push the price to achieve the required breach.

Until now, we still preferring the continuation of the overall bullish trend unless witnessing clear break and stability below 0.7040, reminding you that our next main target at 0.7484.

Expected trading range for today is between 0.7100 support and 0.7300

Expected trend for today: Bullish