The NZDUSD pair broke 0.6955 level clearly and declined to approach 0.6870 level, noticing that stochastic shows oversold signals now, to suggest motivating the price to resume the positive trades and resume the bullish trend within the bullish channel that appears on the chart, to test 0.6955 initially.
Therefore, we expect to witness bullish bias today, noting that breaking 0.6870 will stop the positive scenario and cause key turn to the trend to decline.
The expected trading range for today is between 0.6850 support and 0.6955 resistance
The expected trend for today: Bullish
Origin: Economies
