The sideways range still dominating the NZDUSD pair’s trading, as the price continues to fluctuate between the key levels represented by 0.6862 support and 0.6930 resistance, and as we mentioned in our recent reports, the price needs to breach one of these levels to detect its next destination clearly, thus, our neutrality still valid until now.
We remind you that breaking the mentioned support will push the price to visit 61.8% Fibonacci correction level at 0.6780, while breaching the resistance will lead the price to attempt to regain the main bullish trend again, to start the positive targets at 0.7049 and extend to 0.7215.
Expected trading range for today is between 0.6780 support and 0.7000
Expected trend for today: Depends on the above mentioned levels
Origin: Economies
