The NZDUSD pair could not manage to breach 0.7305 level, to trade negatively and heads towards testing the bullish channel’s support line at 0.7260, which makes us prefer staying aside until the price confirms breaching one of these levels to detect the next destionation clearly.
Note that breaking the mentioned support will press on the price to decline towards 0.7220 as a first negative target, which breaking it represents the key to extend the correctional bearish wave to reach 0.7165, while breaching the resistance represents positive factor that will lead the price to continue the main bullish trend that its next target located at 0.7400.
The expected trading range for today is between 0.7220 support and 0.7340 resistance
The expected trend for today: Neutral
Origin: Economies
