The NZDUSD price reached the thresholds of the waited target at 0.6228, and bounced bearishly affected by RSI negativity, to settle around 0.6170 now, waiting to gather positive momentum that assists to push the price to resume the bullish wave and breach 0.6228 to head towards 0.6275 as a next positive station.
Holding above 0.6140 keeps the bullish trend scenario active, as breaking it represents negative factor that will push the price to turn to decline and target 0.6070 areas initially.
The expected trading range for today is between 0.6130 support and 0.6230 resistance
Trend forecast: Bullish
Origin: Economies
