Midday update for NZDUSD 21-03-2017

The NZDUSD pair returns to attempt to breach 0.7049 level now, which provides signals for the price head to rise in the upcoming period, waiting for getting four hours close above the mentioned level to confirm the continuation of the bullish bias for the rest of the day.

Therefore, we will keep our neutral attitude until the price confirms its next trend by breaching the above mentioned level or breaking 0.6915 support, pointing that the details of the expected targets appear on our morning report.

Expected trading range for today is between 0.6950 support and 0.7150

Expected trend for today: Depends on the above mentioned levels