The NZDUSD pair managed to return to trade above the bullish channel’s support that appears on chart, which reinforces the expectations of continuing the bullish trend on the short term basis, as the price approaches from our main waited target at 0.6860.
Therefore, the positive scenario will remain valid and active for the upcoming sessions, and breaching 0.6860 level will extend the pair’s gains to reach 0.7000, while holding above 0.6650 represents the first condition to continue the expected bullish trend.
Expected trading range for today is between 0.6700 support and 0.6900 resistance.
Expected trend for today: Bullish
Origin: Economies.com
