The NZDUSD pair surpassed 0.6070 level and ended yesterday above it, which hints the attempt to recover and stop the negative pressure that dominates the recent trades, but we notice that the EMA50 forms negative pressure to hinder the attempts to achieve more rise.
Therefore, we prefer to stay aside until we get clearer signal for the next trend, noting that breaking 0.6070 will reactivate the negative scenario that its next main target located at 0.6000, while breaching 0.6095 represents positive factor that will lead the price to achieve additional gains and test 0.6140 level initially.
The expected trading range for today is between 0.6030 support and 0.6130 resistance
The expected trend for today: Neutral
Origin: Economies
