The NZDUSD pair provided clear positive trading in last Friday after the upside rebound from the main bullish channels’ support that appears in the image, which supports the continuation of our overall bullish trend expectations efficiently in the upcoming period, but we notice that the price faces strong resistance at 0.7145, which forces the price to provide some negative trading now.
In general, the bullish trend will remain valid and active in the upcoming period unless breaking 0.6985 level and holding below it, pointing that stochastic provides positive signals that supports the expected rise, which its next main target located at 0.7329.
Expected trading range for today is between 0.6985 support and 0.7200
Expected trend for today: Bullish
Origin: Economies
