The NZDUSD pair continues to move within sideways and tight track since this week opening, and by looking at the intraday time frames, we find that the price is settled above the EMA50, while stochastic heads upwards to offer positive motive to the price.
Therefore, these factors encourage us to keep our bullish overview on the intraday and short term basis, and the price needs to breach 0.6860 level to extend the bullish wave towards 0.7000 as a next main target, reminding you that holding above 0.6660 level represents key condition to continue the suggested positive scenario.
Expected trading range for today is between 0.6660 support and 0.6900
Expected trend for today: Bullish
Origin: Economies
