The NZDUSD pair resumes its positive attempts to begin testing the key resistance that rises now to 0.7110, and as we mentioned in our recent reports, the price needs to breach this level to confirm the continuation of the bullish trend on the short term and medium term basis, to return trading inside the bullish channel that appears on chart, followed by opening the way to target 0.7323 areas as a next main station.
Stochastic provides positive signal on the four hours’ time frame to reinforce the rise expectations, which will remain valid and active unless we witnessed clear break and hold below 0.6950.
Expected trading range for today is between 0.7000 support and 0.7220
Expected trend for today: Bullish
Origin: Economies
