The NZDUSD tests the support – Analysis 28-09-2023

news_22_feb_nzd_usd_2The NZDUSD pair tested the key support 0.5900 and kept its stability above it, to start rising again and attempt to move away from this level, motivated by stochastic current negativity, waiting to achieve our main expected target at 0.6020.

Therefore, we are waiting for more rise on the intraday basis, noting 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 0.5900 support and 0.5990 resistance

The expected trend for today: Bullish

Origin: Economies

 

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