The NZDUSD pair managed to close last week’s candlestick above 0.7049 level, which reinforce the expectations of continuing the main bullish trend, and the price fluctuates around the mentioned level, waiting to resume the bullish trend that its next located at 0.7215.
Therefore, we are waiting for positive trading in the upcoming sessions, supported by the EMA50 that carries the price from below, noting that holding above 0.6915 represents key condition to continue the suggested bullish wave.
Expected trading range for today is between 0.6960 support and 0.7150
Expected trend for today: Bullish
Origin: Economies
