The NZDUSD pair continues to move around the EMA50, noticing that stochastic loses its positive momentum now, which might force the price to provide more sideways trading before resuming the bullish bias again.
In general, the main bullish trend scenario still valid as long as the price is above the bullish channel’s support at 0.7060, reminding you that we need to breach 0.7220 level to confirm opening the way to continue the bullish wave that its main target located at 0.7600.
Expected trading range for today is between 0.7100 support and 0.7270
Expected trend for today: Overall Bullish
Origin: Economies
