The NZDUSD pair opens today’s trading with strong bullish rally to breach the main waited target at 0.7052 and attempts to hold above it, opening the way to extend the bullish wave on the short term and medium term basis, waiting to target 0.7270 areas mainly.
Therefore, the bullish trend will remain suggested for the upcoming period supported by the EMA50, unless we witnessed clear break and holding below 0.7052 level, as breaking this level represents negative factor that will push the price to test 0.6915 areas before any new attempt to rise.
Expected trading range for today is between 0.7000 support and 0.7200
Expected trend for today: Bullish
Origin: Economies
