The NZDUSD pair attempted to breach 0.5900 level yesterday but it couldn’t manage to hold above it, starting today with new positivity to test this level, which hints heading to achieve more gains in the upcoming sessions, targeting visiting 0.5965 followed by 0.6020 levels mainly.
Therefore, we expect to witness positive trades today, supported by moving above the EMA50, taking into consideration that failing to confirm breaching 0.5900 will push the price to rebound bearishly and turn to decline again.
The expected trading range for today is between 0.5860 support and 0.5960 resistance
The expected trend for today: Bullish
Origin: Economies
