The NZDUSD pair provides positive trades by today’s open to move above the support line that appears on the chart, in attempt to build bullish wave on the intraday basis, targeting visiting 0.6290 as a first positive station.
Therefore, the bullish bias will be expected for today, supported by stochastic positivity, and the price needs to surpass 0.6220 level to reinforce the expectations to rise, taking into consideration that breaking 0.6200 will put the price under the negative pressure again, to head towards testing 0.6140 level initially.
The expected trading range for today is between 0.6170 support and 0.6280 resistance
The expected trend for today: Bullish
Origin: Economies
