The NZD/USD approaches the target – Analysis – 29/03/2023

nzd_1_newsThe NZDUSD pair continues to rise to approach our waited target at 0.6290, and we suggest surpassing this level to achieve additional gains that reach 0.6385, paving the way to regain the main bullish trend again.

Therefore, the bullish trend will remain valid and active, supported by the EMA50 that carries the price from below, noting that breaking 0.6220 will press on the price to test the key support 0.6140 before any new attempt to rise.

The expected trading range for today is between 0.6200 support and 0.6320 resistance

The expected trend for today: Bullish

Origin: Economies

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