The NZDUSD pair keeps rising to approach the waited target at 0.6290, affected by stochastic current negativity to show temporary sideways fluctuation, waiting to resume the bullish wave and surpass the mentioned level to open the way to visit the bullish channel’s resistance around 0.6340 as a next main target.
Therefore, we will continue to suggest the bullish trend for the upcoming period, noting that breaking 0.6235 will stop the expected rise and push the price to turn to decline, to head towards testing 0.6140 areas before any new attempt to rise.
The expected trading range for today is between 0.6220 support and 0.6330 resistance
The expected trend for today: Bullish
Origin: Economies
