Midday update for NZDUSD 09-01-2017
Economies.com
2017-01-09 11:29AM UTC
The NZDUSD pair shows sideways and tight range trading since morning settled near the EMA50, where the price affected by stochastic positivity that decelerates the price mission to decline.
In general, we keep preferring the bearish trend on the intraday and short term basis unless breaching 0.7049 and holding above it, pointing that our main targets begin by breaking 0.6915 level to reinforce the expectations for heading towards 0.6780 as a next main station.
Expected trading range for today is between 0.6820 support and 0.7000
Expected trend for today: Bearish
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