The NZDUSD continues to rise – Analysis 22-02-2024

news_22_feb_nzd_usd_2The NZDUSD pair provides new positive trades by today’s open and attempts to approach the main waited target at 0.6228, and we suggest the continuation of the bullish bias to surpass this level and achieve more gains on the intraday and short-term basis.

The EMA50 supports the price from below to reinforce the chances of continuing the suggested positive scenario, which will remain valid unless breaking 0.6140 and holding below it.

The expected trading range for today is between 0.6155 support and 0.6240 resistance

The expected trend for today: Bullish

Origin: Economies

 

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