The NZDUSD pair breached 0.5900 level strongly and rallied upwards to breach 0.6020 direct, starting today with more rise to attempt to breach this level and pave the way to achieve additional gains in the upcoming sessions, noting that the next positive station reaches 0.6090.
Therefore, the bullish bias will be expected for today, supported by the EMA50 that carries the price from below, noting that the consolidation of 0.6020 level against the current rally will push the price to rebound bearishly and head towards 0.5900 again.
The expected trading range for today is between 0.5980 support and 0.6080 resistance
The expected trend for today: Bullish
Origin: Economies
