The NZDUSD pair hovers around the key resistance 0.7049, waiting to confirm breaching this level and build support base above it to reinforce the chances of continuing the rise in the upcoming period, as the price gets positive support by the EMA50, while stochastic negativity causes the current sideways fluctuation.
In general, we will continue to suggest the bullish trend on the intraday and short term basis unless breaking 0.6915 level and holding below it, noting that our main targets begin at 0.7215 and extend to 0.7484.
Expected trading range for today is between 0.6960 support and 0.7150
Expected trend for today: Bullish