The NZDUSD pair confirmed breaching 0.7329 level after ending yesterday’s trading above it, reinforcing the expectations of continuing the rise in the upcoming period, waiting to head towards 0.7484 that represents our next main target.
Stochastic begins the attempts to get rid of its negative momentum to get positive momentum that assists to push the price to resume the bullish trend, noting that breaking 0.7329 – 0.7295 levels will stop the suggested rise and push the price to test 0.7215 before any new attempt to rise.
Expected trading range for today is between 0.7295 support and 0.7440
Expected trend for today: Bullish
Origin: FreshForex
