The NZDUSD pair continues to fluctuate near the critical resistance at 0.7049, and we still waiting for breaching this level to confirm the continuation of the bullish trend on the short term basis, where its next target located at 0.7215.
In general, the bullish trend will remain preferred unless breaking 0.6915 level and holding below it, pointing that the EMA50 and stochastic negativity explains the reasons for the difficulty to achieve the required breach.
Expected trading range for today is between 0.6980 support and 0.7150
Expected trend for today: Bullish
Origin: Economies
