The NZDUSD pair fluctuates around the EMA50, and stochastic attempts to gain new positive momentum, waiting to resume the positive trades to test 0.6140 as a first station, and the price needs to breach this level to confirm the continuation of the rise towards 0.6228 as a next target.
Until now, the bullish trend still valid as long as 0.6070 remains intact, as breaking it represents negative factor that will push the price to achieve additional bearish correction that its next target reaches 0.6000.
The expected trading range for today is between 0.6070 support and 0.6170 resistance
The expected trend for today: Bullish
Origin: Economies
