The NZDUSD builds support base – Analysis 12-09-2023

nzd_2_newsThe NZDUSD pair settles above 0.5900 level, to build support base that supports the chances of starting bullish wave on the intraday basis, on its way to achieve gains that reach 0.6020 initially.

Therefore, the bullish bias will be suggested for today, noting that breaking 0.5900 will stop the positive scenario and push the price to decline again.

The expected trading range for today is between 0.5880 support and 0.5980 resistance

The expected trend for today: Bullish

Origin: Economies

 

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