The NZDUSD pair shows positive trading in attempt to move away from the intraday bullish channel that appears on chart, and the price gets continuous positive support by the EMA50, to keep the bullish trend active in the upcoming period, waiting to surpass 0.7329 barrier to confirm extending the bullish wave towards 0.7484.
Holding above 0.7215 represents key condition to continue the expected rise, as breaking this level will push the price to turn its intraday and short term track to the downside, to start the negative targets at 0.7049.
Expected trading range for today is between 0.7215 support and 0.7400
Expected trend for today: Bullish
Origin: Economies
