The NZDUSD price provided clear positive trades yesterday to touch 0.6175$ level, and returns to test the key support base 0.6140$, affected by the RSI negativity, and as we mentioned yesterday, the price needs to hold above this support to keep the bullish trend active, which targets 0.6228$ as a next main target.
The EMA50 supports the continuation of the suggested positive scenario, while breaking 0.6140$ will turn the intraday track to decline to head towards 0.6070$ areas before any new attempt to rise.
The expected trading range for today is between 0.6110$ support and 0.6210$ resistance
Trend forecast: Bullish
Origin: Economies
