The NZDUSD approaches the target – Analysis 31-08-2023

news_22_feb_nzd_usd_2The NZDUSD pair resumed its positive trading yesterday to reach the thresholds of the waited target at 0.6020, noticing that stochastic shows positive signals that we are waiting to assist to push the price to surpass this level and achieve additional gains that reach 0.6085 followed by 0.6140.

Therefore, we expect the continuation of the bullish trend on the intraday basis unless breaking 0.5900 and holding with a daily close below it.

The expected trading range for today is between 0.5920 support and 0.6010 resistance

The expected trend for today: Bullish

Origin: Economies

 

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