The NZDUSD pair provided new positive trades yesterday to surpass the EMA50, but it returns to decline and settle around it, which makes us continue with our neutrality until we get clearer signal for the next trend, through breaching 0.6140 resistance or breaking 0.6070 support.
Note that breaking the mentioned support will push the price to resume the main bearish wave that targets 0.6000 as a next station, while breaching the resistance represents the key to exit the bearish track and head to achieve gains that start by visiting 0.6228 areas.
The expected trading range for today is between 0.6030 support and 0.6150 resistance
The expected trend for today: Neutral
Origin: Economies
