The NZDUSD pair begins today’s trading with clear positivity resuming the bullish tarck that organizes within the bullish channel that appears in the image, the way open towards hitting the resistance of this channel at 0.7070, waiting for surpassing this barrier to confirm the extension of the bullish wave towards 0.7330 on the near term basis.
Therefore, the bullish trend will remain active in the upcoming period if the trading settled above 0.6860 level, pointing that the EMA50 continues to provide positive support for the suggested bullish trend.
Expected trading range for today is between 0.6900 support and 0.7100
Expected trend for today: Bullish
Origin: Economies
