The NZDUSD pair settels at the intraday bullish channel’s support line, noticing that stochastic reaches the oversold areas, waiting to assist to push the price to resume the expected bullish trend on the intraday and short term basis, which its next main target located at 0.7300.
The EMA50 supports the suggested bullish wave, which will remain valid conditioned by the price stability above 0.7175.
The expected trading range for today is between 0.7175 support and 0.7280 resistance
The expected trend for today: Bullish