The NZDUSD pair continued its negative trading yesterday to test the key support 0.7145, noticing that the EMA50 attempts to protect the positive scenario on the short term basis, besides that stochastic shows oversold signals now.
Therefore, these factors encourage us to continue suggesting the bullish trend in the upcoming period, which its next main target located at 0.7370, while its continuation conditions holding above 0.7145 and the most important above 0.7030.
Expected trading range for today is between 0.7030 support and 0.7300
Expected trend for today: Bullish
Origin: Economies
