The NZDUSD pair rallied strongly to the upside yesterday to confirm breaching 0.7323 level, as it surpassed 0.7400 barrier and settled above it, which supports the continuation of the bullish trend scenario inside the main bullish channel that appears on chart, reinforced by the EMA50 that carries the price from below.
Therefore, we are waiting for more rise in the upcoming sessions, and the way is open to head towards 0.7610 as a next main target, noting that the continuation of the expected rise depends on the stability above 0.7323 and 0.7270 levels.
Expected trading range for today is between 0.7323 support and 0.7550
Expected trend for today: Bullish
Origin: Economies
