Midday update for the NZDUSD 17-09-2020

The NZDUSD pair trades with clear positivity after the negative pressure that it witnessed this morning, to attempt to move away from the intraday bullish channel’s support line that appears on the chart, which hints the price head to attempt to recover and resume the main bullish trend again, which makes us prefer staying neutral until we get clearer signal for the next trend.

Note that breaking 0.6700 will put the price under the negative pressure that targets 0.6600 followed by 0.6477 levels mainly, while breaching 0.6755 will allow the price to continue achieving gains and test 0.6790 initially.

The expected trading range for today is between 0.6630 support and 0.6760

The expected trend for today: Neutral