NZDUSD Price Analysis
Expected Scenario
The NZDUSD price approached the waited positive target at 0.6140$, showing sideways trades to settle around the EMA50, waiting to resume the bullish bias to test the mentioned level initially, reminding you that breaching it will push the price towards 0.6228$ on the near-term basis.
Holding above 0.6070$ is important to the continuation of the expected rise, as breaking it will push the price to decline again and head to target 0.6000$ areas mainly.
Expected Trading Range
Between 0.6070$ support and 0.6170$ resistance.
Trend Forecast: Bullish
Origin: Economies
