NZDUSD tests the resistance – Analysis - 24-04-2017

The NZDUSD pair tests the critical resistance at 0.7049 now, waiting for breaching this level to confirm the extension of the bullish wave on the short term basis, where our positive expectations remain valid in the upcoming period if the price settled above 0.6915 level, reminding you that our next main target located at 0.7215.

Therefore, we wait for positive trading in the upcoming sessions, being aware that breaking 0.6915 will stop the expected rise and pushes the price to test 61.8% Fibonacci correction level at 0.6780 directly.

Expected trading range for today is between 0.6950 support and 0.7120

Expected trend for today: Bullish