Midday update for NZDUSD 13-01-2017

The NZDUSD pair succeeded to breach the bullish flag's resistance at 0.7115 and settles above it, to activate the positive effect of this pattern, which supports the continuation of the bullish trend scenario in the upcoming sessions, opening the way to head towards our next main target at 0.7215, which breaching it represents the key to extend the bullish wave towards 0.7483.

Therefore, we are waiting for more rise for the rest of the day, reminding you that it is important to hold above 0.7049 to keep the chances of achieving the suggested targets.

Expected trading range for today is between 0.7049 support and 0.7215

Expected trend for today: Bullish