NZDUSD still stuck – Analysis – 22/06/2017

news_22_feb_nzd_usd_2The NZDUSD pair attempted to break 0.7215 level but without settling below it, to remain limited between the key levels represented by the mentioned support and the resistance line that rises now to 0.7300, therefore, our neutrality will remain valid until the price succeeds to breach one of the mentioned levels.

We remind you that breaking the mentioned support will push the price to head towards 0.7049 mainly, while breaching the resistance represents positive factor that will motivate the price to regain the main bullish trend that its next main target located at 0.7484.

Expected trading range for today is between 0.7150 support and 0.7329

Expected trend for today: Depends on the above mentioned levels

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Origin: Economies

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