The NZDUSD reaches the target – Analysis 29-09-2023

news_22_feb_nzd_usd_1The NZDUSD pair resumes its positive trading clearly to reach the thresholds of the waited target at 0.6020, and we suggest surpassing this level to achieve additional positive targets that reach 0.6100 followed by 0.6140.

Therefore, the bullish trend scenario will remain active for the upcoming period, taking into consideration that failing to breach 0.6020 will stop the expected rise and lead the price to turn to decline.

The expected trading range for today is between 0.5950 support and 0.6060 resistance

The expected trend for today: Bullish

Origin: Economies

 

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