The NZDUSD pair provided clear negative trading to test the key support 0.7174, as it faced solid resistance formed by the EMA50, noticing that the price gets positive motive through stochastic now, which provides good chances to surpass the moving average and resume the main bullish trend again.
Therefore, our bullish overview will remain valid and active on the intraday and short term basis conditioned by the price stability above 0.7174 – 0.7160 areas, reminding you that our main targets begin at 0.7250 and extend to 0.7375.
Expected trading range for today is between 0.7100 support and 0.7300
Expected trend for today: Bullish