NZDUSD awaits the confirmation – Analysis - 18-07-2018

The NZDUSD pair bounced bearishly after testing 0.6827 level, to settle around 0.6774 level again, and as we mentioned in our last reports, these levels represent the next trend keys, as the price needs to breach one of them to detect its next destination clearly, which keeps our neutrality valid until now.

We remind you that breaking the mentioned support will push the price to decline again and head towards 0.6670 as a next main station, while breaching the resistance will lead the price to achieve positive targets that begin at 0.6913 and extend to 0.7000.

Expected trading range for today is betwenen 0.6670 support and 0.6870

Expected trend for today: Neutral