The NZDUSD pair hovers around the EMA50, showing some slight bearish bias that might push the price to test the minor bullish channel’s support that appears on chart, as this support located at 0.6605, forming key barrier to the bullish trend, as breaking it represents negative factor that will stop the recently suggested positive scenario and push the price for more decline.
Therefore, we will keep our bullish overview on the intraday and short term basis unless breaking 0.6605 level and holding below it, waiting to head towards our positive targets that begin at 0.6860 and extend to 0.7000.
Expected trading range for today is between 0.6605 support and 0.6800
Expected trend for today: Bullish
Origin: Economies
