The NZDUSD pair showed many attempts to breach 0.6710 level, moving above the EMA50 now, settling above the minor bearish channel’s resistance that appears on the chart, which hints that the price attempts to recover and regain the main bullish trend, to head towards visiting 0.6788 level initially.
Therefore, we expect witnessing positive trades in the upcoming sessions, noting that breaking 0.6620 will stop the expected rise and press on the price to achieve bearish correction that its targets begin by testing 0.6475.
The expected trading range for today is between 0.6650 support and 0.6770
The expected trend for today: Bullish