The NZDUSD pair opens today’s trading with strong rise to breach 0.5790 level and attempts to hold above it, to open the way to achieve more bullish correction, waiting to test 0.5860 as a next target, noting that breaching it will push the price to 0.5930 direct.
Therefore, the bullish bias will be suggested in the upcoming sessions supported by stochastic and the EMA50 positivity, noting that breaking 0.5790 followed by 0.5750 levels will stop the expected rise and press on the price to resume the main bearish track again.
The expected trading range for today is between 0.5770 support and 0.5870 resistance
The expected trend for today: Bullish
Origin: Economies
