The NZDUSD surpasses the resistance – Analysis – 07-02-2024

nzd_1_newsThe NZDUSD pair breached 0.6070 level clearly and ended yesterday above it, to turn to rise and head towards testing 0.6140 initially, which breaching it represents positive factor that will lead the price to stop the bearish correction that dominated the recent trades to head towards regaining the main bullish trend again.

Therefore, we expect to witness more rise in the upcoming sessions unless breaking 0.6070 and holding below it.

The expected trading range for today is between 0.6070 support and 0.6170 resistance

The expected trend for today: Bullish

Origin: Economies

 

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