The NZDUSD pair begins to test 0.7000 barrier now, as it faces solid resistance there, which might force the price to show some temporary sideways trading before resuming the main bullish bias, as the price gets continuous positive support by the EMA50 and stochastic.
Therefore, we are waiting to head towards 0.7110 followed by 0.7330 levels on the short term basis, noting that it is important to hold above 0.6860 level to continue the expected rise.
Expected trading range for today is between 0.6900 support and 0.7100
Expected trend for today: Bullish
Origin: Economies
