The NZDUSD pair traded with strong positivity yesterday to succeed to touch the first target at 0.7323, supporting the continuation of the main bullish trend scenario on the short term and medium term basis, and the price needs to breach the mentioned level to confirm opening the way to head towards the bullish channel’s resistance at 0.7525.
The EMA50 provides continuous positive support to the suggested bullish wave, which its continuation conditions holding above 0.7180 level.
Expected trading range for today is between 0.7180 support and 0.7400
Expected trend for today: Bullish
Origin: Economies
