The NZDUSD pair opens today’s trading with strong rise to beach 0.6535 level, which opens the way for a bullish correction on the intraday basis, as the price settles near 50% Fibonacci correction for the last decline, noting that surpassing the current areas will push the price towards 0.6607 areas.
Therefore, the bullish trend will be expected for the upcoming sessions unless the price decline to break 0.6535 level and settles below it again.
The expected trading range for today is betwenen 0.6535 support and 0.6630
The expected trend for today: Bullish