The NZDUSD pair couldn’t manage to hold for long time below 0.5900 level, to rebound bullishly and start today with clear positivity and reach the EMA50, which leads the price to recover and head to visit 0.6020 areas again.
Therefore, the bullish bias will be suggested for today, and breaching 0.5945 will ease the mission of achieving the waited target, while breaking 0.5900 represents negative factor that will push the price to turn to decline.
The expected trading range for today is between 0.5900 support and 0.6000 resistance
The expected trend for today: Bullish
Origin: Economies
