The NZDUSD pair is facing negative pressure now to move around the EMA50, waiting to get positive momentum that assist to push the price to resume the expected bullish trend for the upcoming period, which targets 0.6020 as a next main station.
Therefore, the bullish trend scenario will remain active for the upcoming period conditioned by the price stability above 0.5900.
The expected trading range for today is between 0.5900 support and 0.5990 resistance
The expected trend for today: Bullish
Origin: Economies
