The NZDUSD pair rallied upwards strongly yesterday, to breach our waited target at 0.6290 and close the daily candlestick above it, confirming opening the way to return to the main bullish track and stop the bearish correction that dominated the recent trades, to head towards 0.6380 followed by 0.6470 areas as next main targets.
Therefore, we will continue to suggest the bullish trend for the upcoming period, supported by the EMA50, taking into consideration that breaking 0.6290 will stop the current rise and push the price to decline again.
The expected trading range for today is between 0.6290 support and 0.6390 resistance
The expected trend for today: Bullish
Origin: Economies
