The NZDUSD pair faced solid resistance at 0.6140, to show some bearish bias and retest the breached neckline of the double bottom pattern that appears on the chart, and the price needs to consolidate above 0.6110 to keep the bullish trend active, waiting to breach the mentioned resistance to open the way to target 0.6210 followed by 0.6290 levels as next positive stations.
Therefore, we will continue to suggest the bullish trend for the upcoming period, noting that breaking 0.6110 will put the price under additional negative pressure to head towards testing 0.6020 areas before any new positive attempt.
The expected trading range for today is between 0.6080 support and 0.6180 resistance
The expected trend for today: Bullish
Origin: Economies
