The NZD/USD rises calmly – Analysis – 04/05/2023

news_22_feb_nzd_usd_2The NZDUSD pair shows calm positive trades, approaching our second waited target at 0.6290 gradually, noticing that stochastic attempts to gather the positive momentum to support the continuation of the suggested bullish trend scenario.

The EMA50 keeps supporting the price from below, to reinforce the expectations of rising in the upcoming sessions, reminding you that holding above 0.6140 represents major condition to continue the bullish wave.

The expected trading range for today is between 0.6190 support and 0.6300 resistance

The expected trend for today: Bullish

Origin: Economies

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