The NZDUSD pair continues to fluctuate around the key resistance 0.7323, waiting to breach this level to reinforce the expectations of continuing the bullish trend on the short term and medium term basis, which is organized inside the main bullish channel that appears on chart.
Stochastic provides positive overlapping signal on the four hours’ time frame to reinforce the expectations of resuming the positive attempts in the upcoming sessions, to keep the bullish trend valid and active conditioned by the price stability above 0.7225 level, noting that our next main target extends to reach 0.7565.
Expected trading range for today is between 0.7225 support and 0.7450
Expected trend for today: Bullish
Origin: Economies
