The NZDUSD pair’s rally stopped yesterday at 0.7250, to show negative trading in attempt to gain enough positive momentum to push the price to resume the main bullish trend that its next target located at 0.7323.
The organized trading inside the bullish channel that its signs appear on chart encourages us to continue suggesting the bullish bias in the upcoming period, to keep our bullish overview valid and active conditioned by the price stability above the mentioned bullish channel’s support at 0.7175, and the most important above 0.7090.
Expected trading range for today is between 0.7100 support and 0.7323
Expected trend for today: Bullish
Origin: Economies
