NZDUSD fails to confirm the breach – Analysis - 28-03-2017

The NZDUSD pair couldn’t confirm breaching the critical resistance at 0.7049, to keep the price confined between the mentioned resistance and 0.6915 support, and as we mentioned in our last reports, the price needs to breach one of these levels to detect its next targets clearly, which makes us remain neutral until now.

Reminding you that breaching 0.7049 will lead the price to regain its main bullish track that its targets begin at 0.7215, while breaking 0.6915 represents negative factor that will push the price to extend its bearish correction and testing 0.6780 level directly.

Expected trading range for today is between 0.6950 support and 0.7135

Expected trend for today: Depends on the above mentioned levels