The NZDUSD pair shows some bearish bias after touching our first waited positive target at 0.6090, affected by stochastic negativity, while the bullish trend scenario still valid depending on the price stability above 0.6020, waiting to visit 0.6140 as a next main target.
Holding above 0.6020 is important to continue the expected rise, as breaking it represents negative factor that will push the price to turn to decline and start bearish wave that targets 0.5900 areas on the near-term basis.
The expected trading range for today is between 0.6020 support and 0.6120 resistance
The expected trend for today: Bullish
Origin: Economies
