The NZDUSD pair traded with clear negativity to test the intraday bullish channel’s support line and keeps its stability above it, and the EMA50 meets this support to add more strength to it, while stochastic reaches the oversold areas.
Therefore, these factors encourage us to continue suggesting the bullish trend for the upcoming period, which its first target located at 0.7300, reminding you that it is important to hold above 0.7190 to continue the expected rise.
The expected trading range for today is between 0.7200 support and 0.7320 resistance
The expected trend for today: Bullish
Origin: Economies
