Midday update for NZDUSD 31-01-2017

The NZDUSD pair fluctuates near the intraday bullish channel’s support settled within it, and the EMA50 keeps supporting the price from below, which keeps the bullish trend scenario valid until now, pointing that stochastic negativity explains the reasons of the current sideways fluctuation.

Our positive targets begin at 0.7329 and extend to 0.7484 after breaching the previous level, reminding you that holding above 0.7215 represents a main condition for achieving the suggested targets.

Expected trading range for today is between 0.7215 support and 0.7400

Expected trend for today: Bullish