The NZDUSD pair continues to fluctuate between the trend confirmation levels represented by the main bullish channel’s support at 0.7035 and 0.7140 resistance, noticing that stochastic positivity contradicts with the EMA50 negativity, which keeps our neutrality valid until now, waiting to breach one of the mentioned levels to detect the next destination clearly.
Note that breaching 0.7140 level will lead the price to resume the bullish trend inside the mentioned bullish channel, to begin the positive targets at 0.7329 and extend to 0.7600, while breaking 0.7035 level will push trading to decline towards 0.6862 direct.
Expected trading range for today is between 0.7000 support and 0.7220
Expected trend for today: Depends on the above mentioned levels
Origin: Economies
