Midday update for NZDUSD 03-01-2017
Economies.com
2017-01-03 11:01AM UTC
The NZDUSD pair trading bounced to the downside clearly after retesting 0.6975 level this morning, to keep the bearish trend scenario valid efficiently for today, supported by stochastic negativity, waiting for breaking 0.6915 level to confirm opening the way towards 0.6780 as a next main target.
In general, the bearish bias will remain valid in the upcoming period unless breaching 0.6975 level and holding above it.
Expected trading range for today is between 0.6820 support and 0.7049
Expected trend for today: Bearish
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