The NZDUSD pair traded with clear positivity yesterday to test 0.7300 barrier and rebounds bearishly from there, as it approaches from testing the bullish channel’s support that appears on chart affected by stochastic negativity, waiting to return to resume the main bullish trend again.
In general, the bullish trend still valid for today unless breaking 0.7215 level and holding below it, as breaking this level will push the price to visit 0.7049 areas before any new attempt to rise, while the main target of the current bullish wave is located at 0.7484.
Expected trading range for today is between 0.7160 support and 0.7350
Expected trend for today: Bullish
Origin: Economies
