NZDUSD Price Analysis
Expected Scenario
The NZDUSD price ended yesterday above 0.5915$ level, to activate the bullish trend scenario on the intraday basis and head towards visiting 0.6000$ as a next main target.
Therefore, the bullish bias will be suggested in the upcoming sessions, and the price needs to surpass the EMA50 that forms good resistance around 0.5920$ to reinforce the positive overview, noting that the continuation of the bullish wave requires holding above 0.5915$.
Expected Trading Range
Between the support at 0.5880$ and the resistance at 0.5980$
Trend Forecast: Bullish
Origin: Economies
