The NZDUSD pair shows new positive trades to breach 0.6710 and test the main bearish channel’s resistance, which urges caution from the upcoming trading, as continuing the rise and breaching 0.6725 will push the price to achieve more bullish correction and test 0.6750 followed by 0.6805 levels as next positive stations.
On the other hand, the consolidation of the current resistance against the rise will press on trades to decline again and visit 0.6665 followed by 0.6615 on the near term basis.
Now, we prefer to stay aside until we get clearer signal for the next trend and detect the next targets clearly.
The expected trading range for today is between 0.6665 support and 0.6770 resistance
The expected trend for today: Neutral
Origin: Economies
