The NZDUSD keeps its positive stability – 12-01-2024

news_22_feb_nzd_usd_2The NZDUSD pair attempted to break 0.6228 level but it managed to consolidate above it, to keep the bullish trend scenario valid and active, motivated by stochastic current positivity, waiting to head towards 0.6280 followed by 0.6368 levels as next main targets.

On the other hand, we should note that breaking 0.6228 will stop the expected rise and push the price to return to the correctional bearish track again.

The expected trading range for today is between 0.6210 support and 0.6310 resistance

The expected trend for today: Bullish

Origin: Economies

 

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