NZDUSD tests the resistance – Analysis - 20-03-2017

The NZDUSD pair fluctuates at the key resistance 0.7049 now, and the price still stuck between the next trend keys represented by the mentioned resistance and 0.6915 support, as the price needs to surpass one of these levels to detect its next targets clearly.

Therefore, our neutrality will remain valid until now, reminding you that breaching 0.7049 will motivate the price to regain the main bullish track that its targets begin at 0.7215 and extend to 0.7484, while breaking 0.6915 will push the price to test 0.6780 and might extend to 0.6614 on the near term basis.

Expected trading range for today is between 0.6915 support and 0.7150

Expected trend for today: Depends on the above mentioned levels