The NZDUSD price found difficulty to consolidate above 0.6070$ level, to decline clearly yesterday and test the falling wedge’s support line that appears on the chart, to notice that the price attempts to rise now, supported by the RSI positivity, waiting to test 0.6070$ initially, noting that breaching it will push the price towards 0.6140$ direct.
On the other hand, we should note that breaking 0.6025$ followed by 0.6000$ levels will stop the expected rise and push the price to turn to decline.
The expected trading range for today is between 0.6000$ support and 0.6100$ resistance
Trend forecast: Bullish
Origin: Economies
