The NZDUSD pair managed to surpass the EMA50 and settled above it, to build support base that reinforce the expectations of continuing the positive scenario on the short term basis, which is organized inside the bullish channel that appears on chart.
Therefore, we will continue to suggest the bullish trend in the upcoming sessions, noting that breaching 0.7145 level will open the way to head towards 0.7340 as a next main target, while the price needs to hold above 0.7010 level to keep the chances of achieving the suggested targets.
Expected trading range for today is between 0.7050 support and 0.7300
Expected trend for today: Bullish
Origin: Economies
