The NZDUSD pair bounced sharply to the downside after the first test to 0.6765 level, to settle at the sideways range support that appears on chart, noticing that stochastic shows clear oversold signals now, which encourages us to suggest the overall bullish trend for the upcoming period, which mainly depends on holding above the previously breached resistance of the bearish channel that turns now into support at 0.6480.
The waited targets begin by breaching 0.6650 to open the way to target 0.6785 followed by 0.6860 mainly.
Expected trading range for today is between 0.6480 support and 0.6700 resistance.
Expected trend for today: Bullish
Origin: Economies.com
