The NZDUSD pair couldn’t manage to hold for long time below 0.6140, as it ended last Friday above it, noticing that the price begins today with clear positivity to move away from this level, which supports the chances of continuing the rise in the upcoming sessions, on its way to achieve positive targets that start at 0.6220 followed by 0.6290.
Therefore, we expect to witness more bullish bias on the intraday basis, supported by stochastic positivity, taking into consideration that breaking 0.6140 will put the price under new negative pressure that targets 0.6020 areas on the near term basis.
The expected trading range for today is between 0.6130 support and 0.6230 resistance
The expected trend for today: Bullish
Origin: Economies
