The NZDUSD pair retested the breach resistance of the bearish channel and kept its stability above it, to resume the positive trades by today’s open, waiting to breach 0.6180 to confirm extending the bullish wave towards 0.6257 as a next target.
The EMA50 supports the suggested bullish wave, which will remain valid conditioned by the price stability above 0.6145.
The expected trading range for today is between 0.6130 support and 0.6220 resistance
The expected trend for today: Bullish
Origin: Economies
