The NZDUSD pair tested 0.7300 level and settles near it, as the price approaches gradually from the main bullish channel’s resistance that rises now to 0.7400, to keep the bullish trend valid and active for the upcoming period, supported by the EMA50.
Holding above 0.7170 represents key condition to the continuation of the expected rise, as breaking it represents negative factor that will push the price to test the most important support to the short term trading at 0.7050 before any new attempt to rise.
Expected trading range for today is between 0.7200 support and 0.7400
Expected trend for today: Bullish
Origin: Economies
