The NZDUSD tests the support – Analysis 05-12-2023

nzd_2_newsThe NZDUSD pair begins today with additional negativity to test the key support 0.6140, which urges caution from the upcoming trading, as the price needs to hold above this level to keep the bullish trend scenario active, which targets 0.6200 followed by 0.6290 levels mainly.

On the other hand, we should note that breaking 0.6140 will stop the positive scenario and push the price to turn to decline.

The expected trading range for today is between 0.6160 support and 0.6200 resistance

The expected trend for today: Bullish

Origin: Economies

 

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