The NZD/USD gets the positive momentum – Analysis – 02/05/2023

nzd_2_newsThe NZDUSD pair attempted to breach 0.6190 level but it found solid resistance there, and begins today with new bullish bias supported by stochastic positivity that appears on the four hours’ time frame, waiting for more rise to surpass the mentioned level and head towards our positive targets that start at 0.6225 and extend to 0.6290.

Therefore, the bullish trend scenario will remain valid and active conditioned by the price stability above 0.6140.

The expected trading range for today is between 0.6130 support and 0.6240 resistance

The expected trend for today: Bullish

Origin: Economies

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