The NZDUSD pair is testing the key support level 0.6860 now, and the price needs to hold above this level to keep the recently suggested positive scenario valid and active, as breaking this level represents negative factor that will push the price to visit the bullish channel’s support around 0.6660 before any new positive attempt.
Therefore, we will keep our bullish overview supported by the EMA50, waiting to target areas that start at 0.7000 and extend to 0.7230 on the near term basis.
Expected trading range for today is between 0.6800 support and 0.7000
Expected trend for today: Bullish
Origin: Economies
