The pair dropped and is still trading above 0.7320 and holding above it is still positive and supports the upside move, while breaching 0.7445 and stabilizing above it extends the upside move and triggers a new bullish wave, and breaking 0.7265 threatens to fail the suggested expectations.
---------- Post added at 07:28 PM ---------- Previous post was at 07:15 PM ----------
Support 0.7345 0.7300 0.7270 0.7240 0.7200
Resistance 0.7445 0.7500 0.7535 0.7620 0.7700
Recommendation
Positive expectations above 0.7345, risk-limit below 0.7265.
---------- Post added at 07:50 PM ---------- Previous post was at 07:28 PM ----------
Midday update for NZD USD
The NZDUSD pair shows positive attempts to approach from testing the critical resistance at 0.7385, which represents one of the trend keys besides 0.7330 support, and that makes us remain neutral until now, waiting for surpassing one of the mentioned levels to detect the next trend clearly.
More details around the expected targets from the breach explained in our morning report.
Expected trading range for today is between: 0.7200 support and 0.7445 resistance.
Expected trend for today: Depends on the above mentioned levels