The NZDUSD pair managed to touch our first waited target at 0.6305, and shows bullish bias now after finding solid support formed at the breached resistance of the bearish channel that appears on the chart, motivated by stochastic positivity, and it might test the key resistance 0.6375 before turning back to decline again.
In general, the negative scenario will remain active unless breaching the mentioned resistance and holding above it, reminding you that the extended negative target reaches 0.6230.
The expected trading range for today is between 0.6280 support and 0.6375 resistance
Origin: Economies
