The NZDUSD pair trades positively since the beginning of this day to approach from testing the EMA50, which meets the falling wedge’s resistance that appears on chart at 0.6740, therefore, this pattern hints the attempt to regain the main bullish track after the bearish correction that started by the beginning of this month.
Thus, we expect witnessing more rise in the upcoming sessions, and breaching 0.6740 level will push the price towards 0.6781 followed by 0.6885 levels as next main stations, taking into consideration that breaking 0.6698 level will stop the positive scenario and push the price to return to the correctional bearish track again.
Expected trading range for today is between 0.6660 support and 0.6850
Expected trend for today: Bullish
