The NZD/USD prepares to rise – Analysis – 07/12/2021

nzd_2_newsThe NZDUSD pair settles around 0.6750 level since yesterday, providing signals to start intraday bullish wave that targets the bearish channel’s resistance that appears on the chart, which makes us expect to witness positive trades in the upcoming sessions, targeting 0.6845 level mainly.

Therefore, the bullish bias will be dominant for today unless breaking 0.6735 and holding below it.

The expected trading range for today is between 0.6735 support and 0.6810 resistance

The expected trend for today: Bullish

Origin: Economies

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