NZDUSD Price Analysis
Expected Scenario
The NZDUSD price is currently trading with strong positivity, aiming to attack the 0.6140$ level and attempting to breach it. This comes as it tries to resume the bullish wave that started from 0.5850$ areas.
We prefer to stay aside until trades settle and absorb the rate decision of the RBNZ followed by detecting its next destination clearly.
Note that confirming the breach of 0.6140$ will lead the price to achieve additional gains reaching 0.6228$, while breaking 0.6070$ will push the price to turn to decline and achieve negative targets starting at 0.6000$.
Expected Trading Range
Between the support at 0.6090$ and the resistance at 0.6190$.
Trend Forecast: Neutral
Origin: Economies
