The NZDUSD pair rallied strongly to the upside after succeeding to confirm breaching the falling wedge’s resistance mentioned yesterday, to get positive motive that reinforce the expectations of more rise in the upcoming period, as the price trades above 0.6781 level now, confirming opening the way to head towards 0.6885 as a next main station.
Therefore, we will continue to suggest the bullish trend on the intraday and short term basis supported by the EMA50, unless we witnessed clear break and holding below 0.6698 level.
Expected trading range for today is between 0.6700 support and 0.6885
Expected trend for today: Bullish
Origin: Economies
