The NZDUSD pair ended yesterday’s trading above 0.6860 level, which stops the negative possibility mentioned in our recent reports and lead the price to resume the bullish bias on the short term basis, waiting to visit the bullish channel’s resistance around 0.7125 as a next main station.
Stochastic shows clear positive signals on the daily time frame, which supports the expectations of rising in the upcoming period, noting that breaking 0.6860 level and holding below it will push the price to visit 0.6755 level before any new attempt to rise.
Expected trading range for today is between 0.6800 support and 0.7000
Expected trend for today: Overall bullish
Origin: Economies
