NZDUSD awaits the confirmation – Analysis - 21-06-2017

The NZDUSD pair continues to fluctuate between the key levels represented by 0.7215 support and the resistance that rises now to 0.7285, as these levels form the next trend keys, waiting to breach one of them to detect the next destination clearly.

Therefore, our neutrality will remain valid until we get clearer confirmation signal for the next trend, noting that breaking the mentioned support will push the price to test 0.7049 areas mainly, while breaching 0.7285 will push the price back to the main bullish track, to start the positive targets at 0.7329 and extend to 0.7484.

Expected trading range for today is between 0.7150 support and 0.7329

Expected trend for today: Depends on the above mentioned levels