The NZDUSD pair traded with strong positivity after testing 0.6795 level in the previous sessions, to approach our main waited target at 0.6910, noticing that the price shows some slight bearish bias now affected by stochastic negativity.
In general, we will continue to suggest the bullish trend in the upcoming sessions unless breaking 0.6795 level and holding below it, supported by the EMA50 that keeps carrying the price from below, noting that breaching the targeted level will extend the pair’s gains to reach 0.7000 as a next station.
Expected trading range for today is betwenen 0.6795 support and 0.6920
Expected trend for today: Bullish
Origin: Economies
