The NZDUSD pair rallied upwards clearly yesterday to approach few pips away from our first waited target at 0.7250, showing some slight bearish bias now affected by stochastic negativity, waiting to get enough positive momentum to push the price to breach the mentioned level followed by rallying towards our next target at 0.7375.
Therefore, we will continue to suggest the bullish trend in the upcoming period supported by the EMA50, conditioned by the price stability above 0.7174.
Expected trading range for today is between 0.7174 support and 0.7329
Expected trend for today: Bullish