The NZDUSD pair resumes its positive trading by today’s open after the temporary decline that it witnessed yesterday, to keep the bullish trend scenario valid and active on the intraday and short-term basis, waiting to test 0.6228 as a first station, reminding you that breaching it will push the price towards 0.6300 as a next target.
The EMA50 continues to support the suggested bullish wave, which will remain valid unless breaking 0.6140 and holding below it.
The expected trading range for today is between 0.6160 support and 0.6260 resistance
The expected trend for today: Bullish
Origin: Economies
