Midday update for NZDUSD 04-01-2017
Economies.com
2017-01-04 11:24AM UTC
The NZDUSD pair shows sideways trading now to head towards retesting the critical resistance level at 0.6975, as long as the price below this level, so our bearish trend expectations will remain valid and active for today, and its next main target located at 0.6780.
Note that breaching 0.6975 level will stop the expected decline and leads the price to test 0.7049 level directly before detecting the next trend on the short term basis.
Expected trading range for today is between 0.6780 support and 0.6975
Expected trend for today: Bearish
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