The NZDUSD pair surpassed 0.6140 level and closed the daily candlestick above it, to attempt to recover and regain the main bullish trend, but it faces resistance line that appears on the chart, in addition to clear negative momentum that appears through stochastic, which might push the price to decline and resume the correctional bearish track again.
Therefore, we will stay aside until the price confirms surpassing one of the next trend keys represented by 0.6140 support and 0.6170 resistance, noting that breaking this support will push the price to decline again and head towards 0.6020 as a next negative station, while breaching the resistance will lead the price to achieve additional gains that reach 0.6290 on the near term basis.
The expected trading range for today is between 0.6090 support and 0.6210 resistance
The expected trend for today: Neutral
Origin: Economies
