The NZDUSD pair leaned on the EMA50 and bounced upwards strongly to start attacking the key resistance 0.6020, to hint heading to achieve expected additional rises in the upcoming sessions, targeting visiting 0.6090 followed by 0.6140 levels as next positive stations.
Therefore, we expect to witness more bullish bias on the intraday basis, noting that failing to surpass 0.6020 will push the price to turn to decline and head towards 0.5900 mainly.
The expected trading range for today is between 0.5980 support and 0.6080 resistance
The expected trend for today: Bullish
Origin: Economies
