NZDUSD leans on the key support – Analysis - 12-07-2017

The NZDUSD pair touched the key support 0.7215 and kept its stability above it, to start rising now in attempt to resume the short term bullish trend, as the price gets positive signals through stochastic, to support the continuation of the overall positive scenario.

Therefore, we believe that the way is open to test 0.7329 level initially, which breaching it represents the key to extend the bullish wave towards 0.7484, reminding you that it is important to hold above 0.7215 to achieve the suggested targets.

Expected trading range for today is between 0.7170 support and 0.7329

Expected trend for today: Bullish