The NZDUSD pair resumed its positive trading by today’s opening to begin the attempts to breach 0.7115 level, which represents the previously broken support of the main bullish channel that appears on chart, which hints the price is on its way to achieve more gains in the upcoming sessions, followed by opening the way to return to trade inside the mentioned channel.
Therefore, we still suggest the domination of the bullish bias on the intraday and short term basis, and the extended targets reach to 0.7323, reminding you that it is important to hold above 0.6950 to achieve the suggested targets.
Expected trading range for today is between 0.7030 support and 0.7250
Expected trend for today: Bullish
Origin: Economies
