The NZDUSD pair shows some bearish bias approaching from retesting 0.6860 level that forms key support base after breaching it previously, noticing that stochastic keeps crawling towards the oversold areas to form positive factor that we are waiting to motivate the price to resume the bullish trend in the upcoming period.
Therefore, we continue to suggest the bullish trend on the intraday and short term basis conditioned by holding above 0.6860 level, waiting to target areas that begin at 0.7000 and extend to reach 0.7230.
Expected trading range for today is between 0.6800 support and 0.7050
Expected trend for today: Bullish
Origin: Economies
