The NZDUSD pair faced negative pressure in the previous sessions to trade below the EMA50, but its still above the minor support 0.6520, which keeps the bullish trend scenario active for the upcoming period, supported by stochastic entering the oversold areas, waiting to rally bullishly to breach 0.6580 and open the way to head towards 0.6665 as a next main station.
On the other hand, we should note that breaking 0.6520 will press on the price to achieve more decline and visit 0.6424 areas before any new attempt to rise.
The expected trading range for today is between 0.6480 support and 0.6600
The expected trend for today: Bullish
Origin: Economies
