The NZDUSD pair ended yesterday’s trading above the bullish channel’s support that appears on chart, hinting the stop of the bearish correction that the price started from the recently recorded top at 0.7052 to resume the main bullish trend again, and the price needs to breach 0.6885 level to confirm continuing the rise in the upcoming period.
Therefore, the bullish bias will be expected on the intraday and short term basis unless breaking 0.6780 level and holding below it, noting that the waited positive targets begin at 0.7052 and extend to 0.7145.
Expected trading range for today is between 0.6750 support and 0.6950
Expected trend for today: Bullish
Origin: Economies
