The NZDUSD pair managed to breach 0.7220 level and hold with a daily close above it, which supports the continuation of the bullish trend scenario efficiently in the upcoming period, to keep trading organized inside the bullish channel that appears on chart, waiting to continue the bullish wave to target 0.7600 as a next main station.
The EMA50 supports the suggested bullish wave, while stochastic provides positive signals that reinforce the chances of continuing the rise, taking into consideration that holding above 0.7220 level represents the first protecting factor to the continuation of the expected bullish trend.
Expected trading range for today is between 0.7150 support and 0.7360
Expected trend for today: Bullish
Origin: Economies
