The NZDUSD pair begins today’s trading with slight bearish bias heading towards potential test to the EMA50, which meets the main bullish channel’s support to add more strength to it, noticing that stochastic approaches from the oversold areas now.
Therefore, these factors encourage us to keep our bullish overview on the short term and medium term basis, which its continuation conditions holding above 0.7190 level, reminding you that breaching 0.7323 level is required to confirm opening the way to head towards the bullish channel’s resistance at 0.7535.
Expected trading range for today is between 0.7190 support and 0.7400
Expected trend for today: Bullish
Origin: Economies
