The NZDUSD pair shows some bearish bias to test the EMA50, and the price keeps its stability inside the bullish channel that appears on the chart, waiting to resume the bullish trend that targets 0.7300 as a first station, reminding you that breaching this level will extend the bullish wave to reach 0.7390.
Holding above 0.7205 is important to continue the expected rise, as breaking it will press on the price to start intraday bearish correction before turning back to rise again.
The expected trading range for today is between 0.7180 support and 0.7300 resistance
The expected trend for today: Bullish
Origin: Economies
