The NZDUSD Price Analysis
Expected Scenario
The NZDUSD price didn’t settle for long time below 0.6070$ level, to end yesterday’s trading above it and hint the attempt to recover in the upcoming sessions, but it faces negative pressure formed by the EMA50 that might push the price to decline again.
Therefore, we prefer to stay aside until the price confirms its situation according to 0.6070$ level, noting that consolidating above it will push the price to achieve intraday gains that reach 0.6140$, while breaking it represents negative factor that will push the price to visit 0.6000$ areas mainly.
Expected Trading Range
The expected trading range for today is between 0.6025$ support and 0.6125$ resistance
Trend Forecast: Neutral
Origin: Economies
