The NZDUSD pair rallied upwards clearly yesterday to breach 0.7155 level and settles above it, which pushes the price to return to trade inside the main bullish channel that appears on the above chart, opening the way to visit the previously recorded top at 0.7323 as a first main target.
Therefore, the bullish bias will be suggested in the upcoming sessions conditioned by the price stability above 0.7090, as breaking this level represents negative factor that will push the price to return to the correctional bearish track that its next target located at 0.6950.
Expected trading range for today is between 0.7155 support and 0.7323
Expected trend for today: Bullish
Origin: Economies
