The NZDUSD pair show bearish bias now to approach from testing the EMA50 that forms a major intraday support base at 0.6695, which represents an initial protection factor for our bullish trend expectations, waiting for bouncing higher to resume the bullish bias and heading towards 0.6860 as a next main target.
Therefore, we will keep preferring the bullish trend in the upcoming period conditioned by holding above 0.6695 and 0.6565 levels, where breaking these levels represents negative factor that will push the price to test 0.6440 level before any new attempt to rise.
Expected trading range for today is between 0.6600 support and 0.6860 resistance.
Expected trend for today: Bullish
Origin: Economies.com
