Midday update for NZDUSD 27-02-2017

The NZDUSD pair hovers near the EMA50 since morning, and it remains stable above the critical support at 0.7174, therefore, the bullish trend scenario remains active for today, where breaking this level will push the price to target 0.7112 level and might extend to 0.7049 levels before any new attempts to rise.

In general, we wait for positive trading for the rest of the day conditioned by holding above 0.7174, reminding you that our main targets begin at 0.7250 and extend to 0.7375.

Expected trading range for today is between 0.7112 support and 0.7329

Expected trend for today: Bullish