The NZDUSD pair could not manage to confirm breaching 0.7323 level yesterday, to rebound clearly to the downside approaching from the EMA50 again, accompanied by stochastic reach to the oversold areas, which form positive factors that support continuing trading inside the bullish channel that appears on chart.
Therefore, we believe that the chances are valid to resume the bullish trend in the upcoming period, and the targets begin by attacking 0.7323 level again to confirm opening the way to head towards 0.7555 as a next main target, noting that the continuation of the bullish trend for today depends on the stability above 0.7210.
Expected trading range for today is between 0.7200 support and 0.7400
Expected trend for today: Bullish
Origin: Economies
