The NZDUSD pair shows sideways trading after approaching from 0.7500 barrier yesterday, which pushes stochastic to get rid of its negativity gradually, in attempt to gain enough positive momentum to push the price to resume the main bullish trend, which moves organized inside the bullish channel that appears on chart.
Therefore, we will continue to suggest the bullish trend that its next target located at 0.7615, supported by the EMA50, noting that holding above 0.7270 represents the most important condition to achieve the mentioned target.
Expected trading range for today is between 0.7400 support and 0.7600
Expected trend for today: Bullish
Origin: Economies
