The NZDUSD pair returns to decline and approach from testing the main bullish channel’s support that appears on chart, noticing that the EMA50 continues to provide the positive support to the price, to protect the bullish trend scenario that depends on the stability above 0.7200.
Therefore, we are waiting for positive trading in the upcoming sessions, to begin the positive targets at 0.7323 followed by 0.7550, noting that breaking 0.7200 level will push the price to test the most important support to the short term trading at 0.7090 before detecting the next destination.
Expected trading range for today is between 0.7160 support and 0.7323
Expected trend for today: Bullish
Origin: Economies
