The NZDUSD pair managed to achieve our first waited negative target at 0.5900, noticing that the price found solid support there, to start bouncing bullishly and attempt to build bullish wave on the intraday basis, expecting to target 0.6020 areas mainly.
Therefore, the bullish bias will be expected for today, supported by stochastic positivity that appears clearly on the four hours’ time frame, noting that the continuation of the bullish wave depends on the price stability above 0.5900.
The expected trading range for today is between 0.5880 support and 0.5970 resistance
The expected trend for today: Bullish
Origin: Economies
