The NZDUSD pair trades with clear positivity by today’s opening to approach from the key resistance at 0.7140, which breaching it represents the key to continue the bullish trend inside the bullish channel that appears on chart, and according to the trading rules inside the channels, the main target of the bullish wave will be at 0.7590.
But, until now, our neutrality still valid until the price confirms breaching the above mentioned resistance or breaking 0.7025 support, as stochastic provides negative signals that might push the price for a potential decline and an attempt to break the mentioned support, reminding you that breaking this level will push the price to suffer more losses that reach to 0.6862.
Expected trading range for today is between 0.7000 support and 0.7220
Expected trend for today: Depends on the above mentioned levels
Origin: Economies
