The NZD/USD achieves clear gains – Analysis – 05/07/2023

nzd_2_newsThe NZDUSD pair traded with clear positivity to confirm breaching 0.6170 level, which leads the price to achieve more expected rise in the upcoming sessions, on its way to test 0.6290 as a next main target.

Therefore, we expect to witness more bullish bias on the intraday basis, noting that breaking 0.6140 will stop the positive scenario and push the price to turn to decline.

The expected trading range for today is between 0.6160 support and 0.6260 resistance

The expected trend for today: Bullish

Origin: Economies

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