The NZDUSD pair tests the first key support 0.6910 and still above it until now, accompanied by stochastic reach to the oversold areas, waiting to motivate the price to resume the bullish trend in the upcoming sessions, affected by the previously completed inverted head and shoulders’ pattern.
Therefore, the bullish trend scenario will remain valid conditioned by the price stability above 0.6910 – 0.6885 levels, waiting to visit 0.7024 level as a next main target.
Expected trading range for today is betwenen 0.6860 support and 0.7000
Expected trend for today: Bullish