The NZDUSD pair tested 0.7400 yesterday and bounces bearishly to retest 0.7329 level now, as this level turns into good support after breaching it previously, forming the first protecting factor to the continuation of the positive scenario suggested in our recent reports.
The EMA50 keeps supporting the price from below, which encourages us to keep our overall bullish overview, which its main target located at 0.7680, noting that breaking 0.7329 level might push the price for some temporary decline on the intraday basis to test 0.7220 areas initially before any new attempt to rise.
Expected trading range for today is between 0.7220 support and 0.7500
Expected trend for today: Bullish
Origin: Economies
