The NZDUSD pair closed the daily candlestick above 0.7215 level, to get positive motive that reinforces the chances of continuing the overall bullish trend scenario, noticing that the price moves inside the bullish channel that its signs appear on chart.
Therefore, the bullish trend will remain valid and active for today, supported by the EMA50, waiting to target 0.7484 areas mainly, noting that breaking 0.7175 will push the price to test 0.7049 before any new attempt to rise.
Expected trading range for today is between 0.7150 support and 0.7300
Expected trend for today: Bullish
Origin: Economies
