The NZDUSD price opens today’s trading with strong positivity to attack 0.6070$ and attempts to hold above it, affected by the CPI data, to hint the attempt to return to the bullish track, but we prefer to stay aside until absorbing the effect of the mentioned data and detect its situation according to the mentioned level to detect the next destination clearly.
Note that holding above 0.6070$ will push the price to achieve additional gains that reach 0.6140$, while breaking it and trading below it again represents the key to resume the bearish wave that its next main target located at 0.6000$.
The expected trading range for today is between 0.6020$ support and 0.6120$ resistance
Trend forecast: Neutral
Origin: Economies
