NZDUSD awaits the confirmation – Analysis - 29-03-2017

The NZDUSD pair continues to decline gradually to move around 0.7000 barrier now, to keep the price stuck between the key levels represented by 0.6915 support and 0.7049 resistance, and as we mentioned previously, the price needs to breach on of these levels to detect its next destination clearly, which makes us continue with our neutrality until now.

We remind you that breaking 0.6915 will push the price to visit 61.8% Fibonacci correction level at 0.6780 as a next main station, while breaching 0.7049 will stop the negative pressure and push the price to return to the main bullish trend that its targets begin at 0.7215 and extend to 0.7484.

Expected trading range for today is between 0.6915 support and 0.7100

Expected trend for today: Depends on the above mentioned levels