The NZDUSD pair breached 0.6790 level clearly and surpassed the intraday bearish channel’s resistance that appears on the chart, to turn to rise on the intraday basis, targeting testing 0.6870 level initially, which breaching it represents the key to rally towards 0.6955 level as a next main station.
Therefore, the bullish bias will be suggested for the upcoming period conditioned by the price stability above 0.6790, as breaking this level will press on the price to return to the main bearish track again.
The expected trading range for today is between 0.6790 support and 0.6900 resistance
The expected trend for today: Bullish
Origin: Economies
