The NZDUSD pair continues to fluctuate between the trend keys represented by the bullish channel’s support at 0.7260 and the horizontal resistance 0.7323, thus, we will continue with our neutrality until the price manages to breach one of these levels followed by detecting its next destination clearly.
Breaching the mentioned resistance will push the price to achieve more gains on the short term and medium term basis to target 0.7620 areas mainly, while breaking 0.7260 level will push the price to visit 23.6% Fibonacci level at 0.7093 as a first main target.
Expected trading range for today is between 0.7200 support and 0.7420
Expected trend for today: Depends on the above mentioned levels
Origin: Economies
