The NZDUSD pair begins today’s trading with bearish bias to test 0.7400 barrier, while stochastic moves at the oversold areas now, which forms positive factor that we expect to push the price to rise again.
In general, the bullish trend scenario still valid and active unless breaking 0.7329 followed by 0.7280 levels and holding below them, noting that our waited targets begin at 0.7484 and extend to 0.7575.
Expected trading range for today is between 0.7350 support and 0.7550
Expected trend for today: Bullish
Origin: Economies
