The NZDUSD pair opens today’s trading with strong rise to test 0.6795 level and settles above it, affected by the RBNZ rate decision and statements, which makes us prefer staying aside until the price confirms its situation according to the mentioned level.
Note that holding with a daily close above it will push the price to achieve more gains and visit 0.6910 as a next station, while trading below it again will reactivate the bearish trend scenario that its next target located at 0.6654.
The expected trading range for today is betwenen 0.6770 support and 0.6910
The expected trend for today: Neutral