The NZDUSD pair opens today’s trading with clear positivity to breach the minor bearish channel’s resistance that appears on chart, which hints the price attempt to recover on the short term basis, targeting testing 0.7049 level initially, noting that breaching this level will extend the bullish wave to reach 0.7215 as a next main station.
Therefore, we expect witnessing more rise in the upcoming sessions, supported by stochastic positivity that appears on the daily time frame, being aware that breaking 0.6915 will stop the expected bullish bias and push the price to head towards 0.6780 direct.
Expected trading range for today is between 0.6920 support and 0.7100
Expected trend for today: Bullish
Origin: Economies
