NZDUSD breaks the support – Analysis - 04-01-2017

The NZDUSD pair managed to break 0.6915 level and hold below it, which supports the continuation of our bearish trend expectations for the upcoming sessions, and the way is open to target 0.6780 level as a next main station.

Therefore, the bearish trend will remain suggested on the intraday and short term basis unless breaching 0.6975 level and holding above it, noting that breaking 0.6780 will extend the bearish wave to target 0.6614 areas direct.

Expected trading range for today is between 0.6780 support and 0.6975

Expected trend for today: Bearish