The NZDUSD pair hovers around the bullish channel’s support that appears on chart, which the price attempts to return to trade inside it, noticing that the EMA50 continues to offer the positive support to the price, which encourages us to keep our bullish overview for the upcoming period, waiting to test 0.6860 level as a next main station.
In general, we will continue to suggest the bullish bias on the intraday and short term basis unless breaking 0.6685 followed by 0.6565 levels and holding below them.
Expected trading range for today is between 0.6685 support and 0.6900 resistance.
Expected trend for today: Bullish
Origin: Economies.com
