The NZDUSD pair bounced clearly to the downside yesterday to settle at the rising wedge support that appears on chart, located at 0.7280 now, to get stuck again between the mentioned support and 0.7329 resistance, which pushes us back to neutrality, waiting to surpass one of the mentioned levels to detect the next targets clearly.
Note that breaking the mentioned support will activate the negative effect of the rising wedge pattern followed by targeting 0.6970 areas mainly, while breaching 0.7329 and holding above it will lead the price to resume its main bullish track that its next target located at 0.7530.
Expected trading range for today is between 0.7150 support and 0.7430
Expected trend for today: Depends on the above mentioned levels
Origin: Economies
