The NZDUSD pair bounced higher clearly to breach 0.6380 level and settles above it, to head towards resuming the bullish trend within the bullish channel that appears in the image, waiting for more of the upside moves to visit 0.6467 level initially.
Therefore, we expect witnessing more of the upside moves in the upcoming sessions, supported by the EMA50, being aware that breaking 0.6340 will stop the expected rise and puts the price under the negative pressure.
The expected trading range for today is between 0.6350 support and 0.6480 resistance
The expected trend for today: Bullish