The NZDUSD pair continues its positive trading to start testing the key resistance 0.7220, which represents key barrier that the price needs to breach it to confirm continuing the rise on the short term basis, noticing that the EMA50 provides good positive support to the price, reinforcing the chances of breaching the mentioned level in the upcoming sessions.
Therefore, we believe that the chances are valid to continue the bullish trend inside the bullish channel that appears on chart, reminding you that our main waited target is located at 0.7600, which achieving it conditions holding above 0.7040.
Expected trading range for today is between 0.7100 support and 0.7329
Expected trend for today: Bullish
Origin: Economies
