Midday update for NZDUSD 10-02-2017
Economies.com
2017-02-10 12:03PM UTC
The NZDUSD pair shows tight range trading since morning settled at the critical support at 0.7174, as we mentioned this morning, the price needs to settle above this level to keep the chances valid for regaining the main bullish track, which stopped the bearish correction that its lines appear in the image.
Therefore, we will keep preferring the bullish trend for the rest of the day, reminding you that breaching 0.7250 is required for reinforcing the expectations for heading towards 0.7375 as a next main target.
Expected trading range for today is between 0.7100 support and 0.7300
Expected trend for today: Bullish
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