The NZDUSD pair trades are confined between 0.7145 support and 0.7217 resistance, which makes us suggest the domination of the sideways trades on the intraday basis until the price manages to surpass one of the mentioned levels to detect its next destination clearly.
Note that breaking the mentioned support will press on the price to start bearish correction that targets 0.7100 followed by 0.7065 levels mainly, while breaching the resistance will lead the price to resume the main bullish trend that its next target located at 0.7300.
The expected trading range for today is between 0.7110 support and 0.7215 resistance
The expected trend for today: Sideways
Origin: Economies
