The NZDUSD pair breached 0.5700 level and rallied upwards by today’s open to move away from this level, which supports the chances of achieving more expected gains in the upcoming sessions, as the price approaches 38.2% Fibonacci correction level at 0.5842, noting that breaching this level will extend the correctional bullish wave to reach 0.5958.
Therefore, we expect the continuation of the bullish trend domination on the intraday basis unless breaking 0.5700 level and holding below it again.
The expected trading range for today is between 0.5700 support and 0.5900
The expected trend for today: Bullish
Origin: Economies
