NZDUSD still stuck – Analysis - 22-03-2017

The NZDUSD pair couldn’t confirm breach 0.7049 yesterday, to end the trading below the trading below this level, which keeps the price confined between the next trend keys that represented by the mentioned resistance and 0.6915 support, waiting for breaching one of these levels to get clearer confirmation signal for the next trend.

Therefore, we will remain neutral until now, reminding you that breaching 0.7049 will lead the price to regain the main bullish trend, and the positive targets begin at 0.7215 and extend to 0.7484, while breaking 0.6915 will push the price towards more of the bearish correction, targeting 0.6780 then 0.6614 levels mainly.

Expected trading range for today is between 0.6950 support and 0.7150

Expected trend for today: Depends on the above mentioned levels