The NZDUSD pair shows some slight bearish bias now after approaching from the bullish channel’s resistance that appears on chart, while the EMA50 continues to support the price from below, which keeps the bullish trend scenario valid and active for the upcoming period, waiting to surpass 0.7080 barrier to open the way to head towards 0.7330 as a next main station.
In general, the bullish trend will remain suggested unless we witnessed a break to 0.6860 level and holding with a daily close below it.
Expected trading range for today is between 0.6930 support and 0.7130
Expected trend for today: Bullish
Origin: Economies
