The NZDUSD pair approached our waited target at 0.6070, and bounced upwards strongly to breach 0.6140 and attempts to hold above it by today’s open, to turn to rise and attempt to build bullish wave that we expect its targets to start at 0.6228.
Therefore, we expect to witness more bullish bias in the upcoming sessions supported by moving above the EMA50, taking into consideration that failing to consolidate above 0.6140 will stop the expected rise and push the price to decline again.
The expected trading range for today is between 0.6110 support and 0.6210 resistance
The expected trend for today: Bullish
Origin: Economies
