The NZDUSD pair approached the EMA50 yesterday and begins providing positive trades now, noticing that stochastic got rid of its negative momentum and reaches the thresholds of the oversold areas, which supports the expectations of continuing the bullish trend in the upcoming period, waiting to test 0.6910 initially.
Note that breaching the targeted level will push the price towards 0.7024 as a next target, while breaking 0.6795 will stop the expected rise and push the price to achieve negative targets that begin at 0.6654.
The expected trading range for today is betwenen 0.6795 support and 0.6910
The expected trend for today: Bullish