The NZDUSD pair traded with clear negativity on last Friday to settle below 0.7052, but we notice that the decline stops near 23.6% Fibonacci level for the last rise measured from 0.6674 to 0.7145, thus, we believe that the chances are valid to provide positive trading in the upcoming sessions, supported by stochastic positivity that appears clearly on the four hours’ time frame.
Therefore, we will keep our bullish overview on the intraday and short term basis conditioned by holding above 0.7034 level, noting that the expected targets begin by surpassing the recently recorded top at 0.7145 to open the way to extend the pair’s gains to reach to 0.7280.
Expected trading range for today is between 0.6965 support and 0.7200
Expected trend for today: Bullish
Origin: Economies
