NZDUSD price reaches key resistance at 0.5910, in line with previous forecast
Bullish correctional trend on short-term basis supported by trading above EMA50 and positive signals on RSI
The (NZDUSD) price expands its gains in its last intraday trading, reaching the key resistance at 0.5910 which represents our target in our previous forecast, amid the dominance of the bullish correctional trend on the short-term basis and its trading alongside supportive bias line for this trend, supported by its continuous trading above EMA50, besides the emergence of the positive signals on the (RSI), after it succeeded in its previous trading in offloading some of its overbought conditions, opening the way for achieving more of the gains.
Origin: Economies
