The NZDUSD pair shows some bearish bias after testing 0.7200 barrier yesterday, to fluctuate around the EMA50, noticing that stochastic gains the positive momentum on the intraday time frames, which provides positive factor that we expect to assist to push the price to continue rising on the intraday and short term basis.
Therefore, we will continue to suggest the bullish trend in the upcoming sessions, to begin the main targets at 0.7200 and extend to 0.7323, noting that holding above 0.7140 level represents key condition to achieve the suggested targets.
Expected trading range for today is between 0.7090 support and 0.7300
Expected trend for today: Bullish
Origin: Economies
