NZDUSD fails to confirm the breach – Analysis – 21.09.2016

usd-nzdThe NZDUSD pair could not manage to get a daily close above 0.7329 level after attempting to breach it yesterday, to keep the price stuck between the next trend keys represented by the mentioned resistance and 0.7265 support, which keeps our neutrality valid until now, waiting to breach one of the mentioned levels to detect its next destination clearly.

We remind you that breaching 0.7329 level will open the way to resume the main bullish trend that its next target located at 0.7535, while breaking 0.7265 level represents negative factor that will push the price to visit 0.6975 areas before any new attempt to rise.

Expected trading range for today is between 0.7200 support and 0.7420

Expected trend for today: Depends on the above mentioned levels

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Origin: Economies

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