The NZDUSD pair ended yesterday’s trading above 0.7200 level, to build new support base above this level that reinforces the continuation of the positive scenario on the short term basis, organized inside the main bullish channel that appears on chart.
Therefore, we are waiting for positive trading in the upcoming sessions, and the main target is located at 0.7380, noting that the continuation of the bullish trend requires holding above 0.7145 and the most important above 0.7040.
Expected trading range for today is between 0.7145 support and 0.7350
Expected trend for today: Bullish
Origin: Economies
