The NZDUSD pair begins today’s trading with bullish bias to move above 0.6860 level, which supports the continuation of our bullish overview in the upcoming period, which its next main target located at the bullish channel’s resistance at 0.7045.
The EMA50 continues to provide the positive support to the suggested bullish wave, reminding you that holding above 0.6860 level might force the price to achieve some temporary decline that targets testing the bullish channel’s support around 0.6705 before any new attempt to rise.
Expected trading range for today is between 0.6800 support and 0.7000
Expected trend for today: Bullish
Origin: Economies
