The NZD/USD surpasses the first target – Analysis – 03/05/2023

nzd_1_newsThe NZDUSD pair traded with clear positivity to surpass our first waited target at 0.6225 and confirm the continuation of the bullish trend domination on the intraday basis, waiting to visit 0.6290 level as a next main target.

Therefore, we will continue to suggest the bullish trend for the upcoming period, supported by moving above the EMA50, reminding you that the continuation of the bullish wave depends on the price stability above 0.6140.

The expected trading range for today is between 0.6190 support and 0.6290 resistance

The expected trend for today: Bullish

Origin: Economies

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