The NZDUSD achieves the first target – Analysis 07-03-2024

nzd_2_newsThe NZDUSD pair succeeded to touch our first waited target at 0.6140 and settles there, and we suggest breaching this level to achieve additional gains on the intraday basis, as the next target reaches 0.6228.

Moving above the EMA50 supports the continuation of the expected bullish trend, which will remain valid unless breaking 0.6070 and holding below it.

The expected trading range for today is between 0.6100 support and 0.6190 resistance

The expected trend for today: Bullish

Origin: Economies

 

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