NZDUSD awaits the confirmation signal – Analysis - 23-03-2017

The NZDUSD pair fluctuates near 0.7049 level without confirming breaching it, to keep the price confined between the confirmation levels for the next trend that represented by the mentioned resistance at 0.6915 support, as we mentioned in our last reports, the price needs to breach one of these levels to detect its next trend clearly, which makes us remain neutral until now.

Reminding you that breaking 0.6915 will push the price to extend the bearish correctional wave and visit 0.6780 level as a next main station, while breaching 0.7049 will push the price to regain its main bullish track, reminding you that the positive targets begin at 0.7215 and extend to the previously top at 0.7484.

Expected trading range for today is between 0.6950 support and 0.7150

Expected trend for today: Depends on the above mentioned levels