The EURNZD failed to record any new positive target, due to the continuation of the contradiction between the main indicators, to notice its approach from the moving average 55 at 1.8810, reinforcing the stability of the bullish channel’s support at 1.8785.

 

Depending on the stability of the previously mentioned main support, we will keep waiting for positive momentum in the near period, to ease the mission of recording positive stations by its rally to 1.8960 initially, then attempt to press on the intraday obstacle at 1.9050.

 

The expected trading range for today is between 1.8860 and 1.8960

 

Trend forecast: Bullish