The NZDUSD price traded with clear negativity by today’s open to break 0.6070$ level and attempt to hold below it, but we will depend on the last daily close above this level to keep the positive scenario expected for the upcoming period, and the price needs to trade above the mentioned level to confirm heading towards our expected positive target at 0.6140$.
On the other hand, we should note that consolidating below 0.6070$ will stop the positive scenario and push the price to turn to decline and target 0.6000$ areas mainly.
The expected trading range for today is between 0.6020$ support and 0.6120$ resistance
Trend forecast: Bullish
Origin: Economies
