The NZDUSD pair approached our waited target at 0.6400 and bounced upwards strongly to start bullish correction for the decline that started from 0.7034 areas, as it tests 23.6% Fibonacci correction level at 0.6560 now, and the price needs to surpass this level to confirm the continuation of the rise and visit 0.6650 as a next main station.
Therefore, we expect to witness more bullish bias in the upcoming sessions, noting that failing to breach 0.6560 will press on the price to resume the main bearish trend again.
The expected trading range for today is between 0.6500 support and 0.6600 resistance
The expected trend for today: Bullish
Origin: Economies
