The NZDUSD pair succeeded to touch our waited target at the main bullish channel’s support at 0.7065 and bounces bullishly from there, which provides positive signals that support our expectations of continuing the main bullish trend inside the mentioned channel, reinforced by stochastic positivity that appears on the four hours’ time frame.
Therefore, we believe that the way is open to trade positively in the upcoming sessions, and the targets begin at 0.7220 and extend to 0.7329, taking into consideration that breaking 0.7065 level will stop the positive overview to push the price for more negative trading on the short term basis.
Expected trading range for today is between 0.7000 support and 0.7220
Expected trend for today: Bullish
Origin: Economies
