The NZDUSD pair retested the previously breached resistance of the bearish channel that appears on the chart and keeps its stability above it, to keep the chances valid to resume the recently suggested bullish trend, supported by stochastic positivity that appears clearly on the four hours’ time frame, waiting to head towards 0.6700 followed by 0.6788 levels as next main targets.
Therefore, the bullish trend scenario will remain valid and active conditioned by the price stability above 0.6570.
The expected trading range for today is between 0.6550 support and 0.6670
The expected trend for today: Bullish