The NZDUSD pair traded with clear positivity yesterday’s evening to breach 0.7275 level and settles above it, which stops the negative pressure that dominated the recent trading and lead the price to attempt to return to rise again, and it needs to get rid of the negative pressure formed by the EMA50 to confirm extending the bullish wave on the short term basis.
Therefore, the bullish trend will be suggested in the upcoming sessions, and the targets begin at 0.7383 and extend to 0.7558, taking into consideration that breaking 0.7275 will put the price under the negative pressure again.
Expected trading range for today is between 0.7275 support and 0.7420
Expected trend for today: Bullish
Origin: Economies
