The NZDUSD pair faced strong negative pressure yesterday to attack 0.6955 level and settles below it, but we notice that the price begins today positively to head towards recoverying again, which encourages us to suggest more bullish bias in the upcoming sessions, and the price needs to step above the mentioned level to confirm the continuation of the rise and head towards 0.7055 as a next main target.
On the other hand, we should note that failing to hold above 0.6955 will put the price under additional negative pressure that its next target reaches 0.6875.
The expected trading range for today is between 0.6900 support and 0.7010 resistance
The expected trend for today: Bullish
Origin: Economies
