The NZDUSD pair shows some slight bearish bias on its way to retest 0.7049 that turns into key support after breaching it previously, as the price is affected by stochastic negativity, but the overall bullish trend still valid as long as the price is above the mentioned support, waiting to head towards 0.7215 initially.
The EMA50 supports the expected rise, taking into consideration that breaking 0.7049 will push the price to test 0.6915 areas again before any new attempt to rise.
Expected trading range for today is between 0.7000 support and 0.7215
Expected trend for today: Bullish
Origin: Economies
