The NZDUSD pair settles above the bullish channel’s support, as the EMA50 continues to provide the positive support to the price, to protect trading inside this channel, which keeps the bullish trend scenario valid until now, waiting to build bullish wave that its targets begin by testing the previously recorded top at 0.7323.
We remind you that breaching the targeted level will extend the bullish wave towards 0.7525, while the bullish trend will remain active unless breaking 0.7175 level and holding below it.
Expected trading range for today is between 0.7100 support and 0.7323
Expected trend for today: Bullish
Origin: Economies
