The NZDUSD pair trading confines within a minor bearish channel that we believe that it forms a bullish continuation flag pattern that appears in the minor image, therefore, the price needs to breach 0.7135 level to activate the positive effect of the pattern, and then pushes the price to resume the main bullish trend on the short- term basis.
Therefore, we will our positive expectations in the upcoming period conditioned by holding above 0.7052 level, reminding you that our next main target located at 0.7270.
Expected trading range for today is between 0.7000 support and 0.7250
Expected trend for today: Bullish
Origin: Economies
