The NZD/USD awaits new positive trades – Analysis – 18/07/2023

nzd_2_newsThe NZDUSD pair started to provide calm positive trades now after approaching 0.6290 level, to continue suggesting the bullish trend on the intraday and short-term basis, waiting to achieve our positive targets that start at 0.6470 followed by 0.6530.

Stochastic provides positive signals that support the continuation of the suggested bullish wave, which will remain valid conditioned by the price stability above 0.6290.

The expected trading range for today is between 0.6300 support and 0.6400 resistance

The expected trend for today: Bullish

Origin: Economies

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