The NZDUSD pair approached from touching our main target 0.7095 yesterday, to fluctuate negatively now affected by stochastic negativity that attempts to get rid of its negativity and gain enough positive momentum to push the price to continue the rise in the upcoming period.
In general, we will continue to suggest the bullish trend on the intraday and short term basis unless breaking 0.6950 level, as breaking this level represents negative factor that will push the price to extend the correctional bearish wave towards 0.6835 as a next main station, while breaching 0.7095 level will confirm the continuation of the bullish trend on the longer term to target 0.7323 initially.
Expected trading range for today is between 0.6950 support and 0.7200
Expected trend for today: Bullish
Origin: Economies
