The NZDUSD price faced strong negative pressure yesterday, as it broke 0.6300$ barrier to head towards potential test to the key support 0.6228$, noticing that the price attempts to recover by today’s open, supported by the EMA50 that carries the price from below, which makes us suggest rising again in the upcoming sessions, to head towards visiting 0.6368$ areas mainly.
On the other hand, we should note that continuing the decline and breaking 0.6228$ will stop the bullish trend and push the price to suffer more losses.
The expected trading range for today is between 0.6230$ support and 0.6330$ resistance
Trend forecast: Bullish
Origin: Economies
