The NZDUSD pair opens today’s trading with clear positivity to breach 0.5842 level and attempts to hold above it, which reinforces the expectations of continuing the correctional bullish trend, as the price completed forming double bottom pattern that has positive target that surpass 0.5958 to reach 0.6073.
Therefore, the bullish trend will remain dominant on the intraday and short term basis, noting that holding above 0.5842 represents the first condition to continue the suggested bullish wave.
The expected trading range for today is between 0.5770 support and 0.5960
The expected trend for today: Bullish
Origin: Economies
