The NZDUSD pair opens today’s trading with clear rise to breach 0.6650 and settles above it now, which supports the expectations of extending the correctional bullish wave, as our next target is located at 0.6700.
The bullish channel continues to push the price upwards, and stochastic provides positive overlapping signal that reinforces the expectations of achieving the mentioned target, noting that failing to hold above 0.6650 will press on the price to decline towards 0.6585 before any new attempt to rise.
The expected trading range for today is betwenen 0.6600 support and 0.6720
The expected trend for today: Bullish