The NZDUSD pair trades positively now after testing 0.6860 by today’s opening, to keep the bullish trend valid inside the bullish channel that appears on chart, while the EMA50 supports the price from below.
Therefore, we believe that the way is open to target 0.7065 followed by 0.7330 levels on the near term basis, reminding you that breaking 0.6860 level will stop the expected rise temporarily and push the price to test 0.6710 level before any new positive attempt.
Expected trading range for today is between 0.6840 support and 0.7065
Expected trend for today: Bullish
Origin: Economies
