NZDUSD touches the target – Analysis - 18-01-2017

The NZDUSD pair succeeded to touch our first main waited target at 0.7215, and fluctuates within sideways track near this level, as the price is affected by stochastic negativity, waiting to get enough positive momentum to push the price to breach the mentioned level followed by opening the way to extend the bullish wave towards 0.7329 followed by 0.7483 as next main target.

Therefore, the positive scenario will remain active in the upcoming period unless breaking 0.7130 and the most important 0.7049.

Expected trading range for today is between 0.7130 support and 0.7329

Expected trend for today: Bullish