The NZDUSD pair attempted to breach 0.6725 resistance line, which represents the previously broken support of the bullish channel that appears on chart, and as we mentioned yesterday, the price needs to breach this barrier to confirm the continuation of the bullish wave towards our next main target at 0.6860.
In general, we will continue to suggest the bullish trend supported by the EMA50, conditioned by the price stability above 0.6550 level, noting that stochastic current negativity might cause some temporary sideways fluctuation before resuming the suggested bullish bias.
Expected trading range for today is between 0.6550 support and 0.6800 resistance.
Expected trend for today: Bullish