The NZDUSD pair shows sideways trading since the beginning of the week keeping its stability above the bullish channel’s support that rises now to 0.7000, as long as the price above this level, so we keep preferring the bullish trend on the intraday and short term basis.
The price might witness more of the sideways fluctuation until getting rid of its negativity and hitting enough positive momentum to push the trading to rise again, pointing that our positive targets begin at 0.7145 and extend to 0.7340.
Expected trading range for today is between 0.6950 support and 0.7200
Expected trend for today: Bullish
Origin: Economies
