The NZDUSD pair opens today’s trading with bullish bias surpassing 0.6860 level and attempts to hold above it, as the price gets positive factors offered by stochastic and the EMA50, which makes us suggest the stop of the recently suggested bearish bias to resume the main bullish trend.
Therefore, the rise will be expected on the short term basis, and the next target is located at 0.7040, noting that trading below 0.6860 again will push the price to head towards testing the minor bullish channel’s support around 0.6695 before any new attempt to rise.
Expected trading range for today is between 0.6800 support and 0.7000
Expected trend for today: Bullish
Origin: Economies
