The NZDUSD pair confirmed breaching 0.6860 level after closing the daily candlestick above it, while stochastic approaches from the oversold areas accompanied by the price approach from retesting the mentioned level, which supports the chances of bouncing bullishly to resume the bullish track on the short term basis, which its targets begin at 0.7000 and extend to reach 0.7230 on the near term basis.
The EMA50 continues to support the suggested bullish wave, noting that breaking 0.6860 level will stop the bullish wave temporarily and push the price to test 0.6650 levels mainly before any new positive attempt.
Expected trading range for today is between 0.6800 support and 0.7050
Expected trend for today: Bullish
Origin: Economies
