NZDUSD tests the support – Analysis - 28-02-2017

The NZDUSD pair tests the critical support level at 0.7174 now, as long as the price above this level, so our bullish trend expectations will remain valid in the upcoming sessions, waiting for testing 0.7250 level, where breaching it represents the extension key for the bullish wave towards 0.7375.

Therefore, we will keep preferring the bullish trend for today, being aware that breaking 0.7174 level will put the price under negative pressure that its targets begin at 0.7112 and might extend to 0.7049 before any new positive attempt.

Expected trading range for today is between 0.7112 support and 0.7329

Expected trend for today: Bullish