The NZDUSD pair shows some bullish bias heading towards a potential retest to the previously broken support level of the bullish channel that turns into support now at 0.7090, as long as the price below this level, so our bearish trend expectations will remain valid and active, supported by the EMA50.
Stochastic positivity explains the reasons of the current bullish bias, reminding you that our main waited target located at 0.6862.
Expected trading range for today is between 0.6900 support and 0.7100
Expected trend for today: Bearish
Origin: Economies
