NZD USD awaits the confirmation – Analysis - 04/03/2015

The NZDUSD pair is testing the key resistance 0.7565, and the price still stuck between this resistance and the bullish channel’s support at 0.7505, as the price needs to breach one of these levels to detect the next destination clearly, which keeps our neutrality valid until now.

Note that breaching the above mentioned resistance will offer a good positive motive that supports the continuation of trading inside the bullish channel, to target 0.7700 level initially, while breaking 0.7505 support will stop the current rise and turn the price to the main bearish trend again, and the first target at 0.7330.

Expected trading range for today is between: 0.7400 support and 0.7660 resistance.

Expected trend for today: Neutral