The NZDUSD pair managed to reach the thresholds of the first main suggested target in our last report at 0.7135 after breaking the minor bullish channel’s support that appears on image, showing bullish rebound signals now reinforced by stochastic positivity, which encourages us to suggest the bullish bias in the upcoming sessions, to target the return to the main bullish track again.
Therefore, we are waiting for positive trading on the intraday and short term basis, and the targets begin by breaching 0.7195 barrier to ease the mission of heading towards 0.7323 level as a next main target, noting that breaking 0.7135 level will stop the positive possibility and push the price to test the most important support line to the short term trading at 0.7092.
Expected trading range for today is between 0.7090 support and 0.7300
Expected trend for today: Bullish
Origin: Economies
