The NZDUSD price shows bullish bias now to test 0.5665$ and hints heading to recover in the upcoming sessions, on its way to test the bearish channel’s resistance line around 0.5745$.
Therefore, we expect to witness more rise on the intraday basis, and breaching 0.5700$ will reinforce the positive overview, while breaking 0.5615$ represents the key to resume the main bearish trend within the bearish channel that appears on the chart.
The expected trading range for today is between 0.5610$ support and 0.5710$ resistance
Trend forecast: Bullish
Origin: Economies
