The NZDUSD pair rallied upwards strongly to move away from the main bullish channel’s support line, which supports the continuation of the bullish trend scenario on the intraday and short term basis, supported by the EMA50 that carries the price from below, waiting to visit 0.7200 that represents our next target.
Note that the continuation of the bullish trend requires holding above 0.7075.
The expected trading range for today is between 0.7075 support and 0.7210
The expected trend for today: Bullish
Origin: Economies
