The NZDUSD pair bounced bearishly again after the price made new test to 0.7300 level, to fluctuate now at the EMA50 that attempts to protect the price from suffering more losses, and keeps the continuation of the positive scenario for the upcoming period.
Therefore, we continue to suggest the overall bullish trend that moves organized inside the bullish channels that appear on chart, conditioned by the price stability above 0.7220 – 0.7160 levels, noting that the main waited target is located at 0.7410.
Expected trading range for today is between 0.7160 support and 0.7350
Expected trend for today: Bullish
Origin: Economies
