The NZDUSD pair still stuck between the key levels represented by 0.7323 resistance and the bullish channel’s support that rises now to 0.7255, which keeps our neutrality valid until now, waiting to breach one of these levels to detect the next targets clearly.
We remind you that breaking the mentioned support will push the price to start a bearish correction that its targets begin at 0.7093 and extend to 0.6950, while breaching the resistance will lead the price to continue the bullish trend on the short term and medium term basis, followed by opening the way to target 0.7610 level as a next main station.
Expected trading range for today is between 0.7200 support and 0.7420
Expected trend for today: Depends on the above mentioned levels
Origin: Economies
