The NZDUSD pair shows more sideways trading in attempt to move away from 0.6710 level, as the price crawls gradually towards our main waited target at 0.6885, supported by the EMA50 that carries the bullish wave from below.
Therefore, the positive scenario will remain valid and active for the upcoming sessions, it might be preceded by some temporary sideways fluctuation affected by stochastic negativity, noting that breaching the targeted level will lead the price to head towards the recently recorded top at 0.7052, while holding above 0.6698 represents key condition to the continuation of the suggested bullish wave.
Expected trading range for today is between 0.6745 support and 0.6950
Expected trend for today: Bullish
Origin: Economies
