Midday update for NZDUSD 27-03-2017

The NZDUSD pair begins to attempt to breach the critical resistance at 0.7049, which provides signals for the price head to activate the positive scenario on the intraday and short term basis, and the price needs four hours close above the mentioned level initially to confirm the continuation of the bullish trend.

Until now, our neutral attitude will remain valid until confirming breaching the mentioned resistance or breaking the support at 0.6915, pointing that the details of the expected targets from the breach appear in our morning report.

 Expected trading range for today is between 0.6950 support and 0.7135

Expected trend for today: Depends on the above mentioned levels