The NZDUSD pair shows more negative trading gradually that pushes the price to approach from the key support 0.6860, and as long as the price is above this level, our bullish overview will remain valid for the upcoming period, supported by the EMA50.
Our first target is located at 0.7090, and breaching it will extend the pair’s gains to reach 0.7330, while breaking 0.6860 level will push the price to test the bullish channel’s support around 0.6730 before turning back to rise.
Expected trading range for today is between 0.6860 support and 0.7090
Expected trend for today: Overall Bullish
Origin: Economies
