The NZDUSD pair bounced bearishly after approaching 0.6020 level, to move around 0.5960 level now, noticing that the EMA50 forms good support against the price, waiting to resume the positive trades that targets 0.6020 as a first station, reminding you that breaching it will push the price to 0.6085 followed by 0.6140 levels.
On the other hand, we should note that breaking 0.5900 will stop the positive scenario and push the price to turn to decline.
The expected trading range for today is between 0.5920 support and 0.6010 resistance
The expected trend for today: Bullish
Origin: Economies
