The NZDUSD pair kept its stability above 38.2% Fibonacci level that forms key support base at 0.6950, which keeps the bullish trend scenario valid on the intraday basis, which targets testing 0.7095 level, reminding you that it is important to monitor the price behavior when reaching the mentioned level, due to its importance to detect the next destination on the short term basis, as breaching it represents positive factor that will lead the price to return to the main bullish track that was stop for the bearish correction that its signs appear on chart.
On the other hand, it is important to note that breaking 0.6950 level will stop the positive scenario and push the price to extend its bearish correction to target 0.6835 areas mainly.
Expected trading range for today is between 0.6900 support and 0.7130
Expected trend for today: Bullish
Origin: Economies
