Midday update for NZDUSD 28-11-2016

The NZDUSD pair settles above 0.7049 level that turns into key support base after breaching it previously, while the price might have to show some temporary sideways fluctuation until managing to get rid of the negative momentum that appears through stochastic and gaining enough positive momentum to push the price to continue the rise suggested this morning.

In general, we will continue to suggest the bullish trend for today as long as the price remains stable above 0.7049, reminding you that our first main target is located at 0.7150, which breaching it represents the key to extend the pair's gains to go further towards 0.7483.

Expected trading range for today is between 0.7000 support and 0.7200

Expected trend for today: Bullish