The NZDUSD pair begins the attempts to breach the sideways range resistance that appears on chart located at 0.6740, reinforcing the expectations of continuing the bullish trend in the upcoming period, and the price needs a four hours’ candlestick close initially above this level to confirm opening the way to head towards 0.6860 that represents the next target of the current bullish wave.
The EMA50 keeps supporting the price from below, to keep the positive scenario valid and active on the intraday and short term basis, conditioned by the price stability above 0.6545 level.
Expected trading range for today is between 0.6650 support and 0.6860 resistance.
Expected trend for today: Bullish
Origin: Economies
