NZDUSD leans on the channel’s support
The NZDUSD pair faced temporary negative pressure to test the bullish channel’s support line, starting to rise now, to keep the main bullish trend valid, waiting to test 0.6467 as a first station, noting that breaching this level will extend the bullish wave to reach 0.6530. Therefore, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 0.6375 and 0.6345 levels.
The expected trading range for today is between 0.6345 support and 0.6480 resistance, and the expected trend for today is Bullish.