By taking a deeper look at the intraday time frames, we find that the NZDUSD pair managed to complete forming falling wedge pattern appears on the minor image, as it begins the breaching process of this pattern’s resistance, accompanied by witnessing clear positive signals through stochastic, besides the positive support provided by the EMA50.
Therefore, these factors encourage us to keep our bullish trend overview on the intraday and short term basis, and the next target located at 0.7323, noting that the continuation of the bullish trend conditions holding above 0.7090 level.
Expected trading range for today is between 0.7100 support and 0.7300
Expected trend for today: Bullish
Origin: Economies
