The NZDUSD pair confirmed breaching 0.6320 after closing the daily candlestick above it, reinforcing the expectations of continuing the bullish trend, which targets 0.6380 as a next positive station.
The EMA50 keeps supporting the expected bullish wave, waiting to get positive momentum that assists to push the price to achieve the waited target, noting that breaking 0.6320 will press on the price to turn to decline on the intraday basis and visit 0.6257 areas before any new attempt to rise.
The expected trading range for today is between 0.6290 support and 0.6380 resistance
The expected trend for today: Bullish
Origin: Economies
