The NZDUSD pair approached our waited target at 0.6895 and bounced bearishly to test the key horizontal support line at 0.6860, noticing that stochastic gets rid of its negativity to gain the positive momentum gradually, waiting to resume the correctional bullish trend that targets 0.6960 as a next positive station.
Holding above 0.6820 is important to continue the expected rise, as breaking it will press on the price to return to the main bearish track again.
The expected trading range for today is between 0.6810 support and 0.6920 resistance
The expected trend for today: Bullish
Origin: Economies
