The NZDUSD pair breaches 0.7140 level strongly and settles above it now, which leads the price to continue trading inside the bullish channel that appears on chart, and according to the trading rules inside the channels, the price is on its way to target areas that reach to 0.7600 on the near term basis.
Therefore, the bullish trend will be suggested in the upcoming sessions, supported by the EMA50, noting that breaching 0.7220 level will ease the mission of achieving the waited targets, while the price needs to hold above 0.7035 level to keep the chances of continuing the suggested rise.
Expected trading range for today is between 0.7100 support and 0.7300
Expected trend for today: Bullish
Origin: Economies
