The NZDUSD price ended yesterday above the bearish channel’s resistance line, to confirm the beginning of the bullish correction for the decline measured from 0.6378$ to 0.5540$ and head towards achieving positive targets that start by testing 0.5738$ level.
Moving above the EMA50 supports the expected bullish trend, which will remain valid unless breaking 0.5595$ and holding above it.
The expected trading range for today is between 0.5610$ support and 0.5710$ resistance
Trend forecast: Bullish
Origin: Economies
