The NZDUSD pair shows strong positive trades now, affected by the RBNZ Rate Statement, to attack 0.7000 level and attempts to hold above it, which urges caution from the upcoming trading, as confirming the breach will lead the price to turn to rise and achieve gains that start at 0.7060 and extend to 0.7130, while trading below it again will reactivate the negative scenario that its next target located at 0.6900.
Thereofer, we prefer to stay aside now until the price confirms its situation according to 0.7000 followed by detecting the next destination clearly.
The expected trading range for today is between 0.6950 support and 0.7070 resistance
The expected trend for today: Neutral
Origin: Economies
