The NZDUSD price faced temporary negative pressure to test 0.6000$ level and keeps its stability above it, and attempts to provide positive trades by today’s open, reinforcing the expectations of continuing the bullish trend on the intraday basis, and the way is open to achieve our waited target at 0.6070$.
The EMA50 provides the positive support to the price to reinforce the expectations to rise, which will remain valid conditioned by the price stability above 0.6000$.
The expected trading range for today is between 0.5970$ support and 0.6070$ resistance
Trend forecast: Bullish
Origin: Economies
