Midday update for NZDUSD 30-11-2016

The NZDUSD pair negotiates the key resistance 0.7140 since morning in attempt to confirm breaching it, which supports the continuation of our bullish trend expectations efficiently for the upcoming period, paving the way to resume the bullish track that its next target located at 0.7215.

Therefore, the bullish bias will remain suggested for the rest of the day unless breaking 0.7049 and holding below it, reminding you that breaching 0.7215 will push the price to head towards the previously recorded top at 0.7483 as a next main station.

Expected trading range for today is between 0.7049 support and 0.7250

Expected trend for today: Bullish