Midday update for NZD USD 04/03/2015
Economies.com
2015-03-04 11:44AM UTC
The NZDUSD pair achieved an initial breach to 0.7565 level and attempts to settle above, which represents a positive motive that makes us prefer the continuation of the bullish bias for the rest of today, to target 0.7700 level in the upcoming period.
Therefore, the bullish trend will be preferred in the upcoming period unless breaking 0.7505 level and holding above it.
Expected trading range for today is between: 0.7400 support and 0.7660 resistance.
Expected trend for today: Bullish for the rest of the day
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