The NZDUSD pair’s recent trades are confined between 0.5900 support and 0.5940 resistance, which makes us continue with our neutrality until the price manages to surpass one of these levels to manage to detect the next targets clearly.
We remind you that breaking the mentioned support will force the price to decline and begin bearish wave that targets 0.5700 areas mainly, while breaching the resistance will push the price to achieve gains that reach 0.6020 initially.
The expected trading range for today is between 0.5870 support and 0.5990 resistance
The expected trend for today: Neutral
Origin: Economies
