The NZDUSD pair trading bounced lower yesterday after finding a difficulty to surpass the EMA50, which ends the trading exactly at the bullish channel’s support keeping its stability above this level, which keeps the bullish trend scenario valid until now, conditioned by the stability of the price above 0.6990 level.
Stochastic enters the oversold levels to support the rise in the upcoming sessions, waiting for targeting levels that begin at .7145 and extend to 0.7075 on the near term basis.
Expected trading range for today is between 0.6900 support and 0.7145
Expected trend for today: Bullish
Origin: Economies
