The NZDUSD pair settles above the intraday bullish channel’s support line, getting positive support by the EMA50, waiting for more rise to achieve our positive targets that start at 0.7234 and extend to 0.7300.
The continuation of the bullish wave depends on the price stability above 0.7165, as breaking it will press on the price to turn to decline and head towards 0.7100 initially.
The expected trading range for today is between 0.7150 support and 0.7280 resistance
The expected trend for today: Bullish
Origin: Economies
