The NZDUSD pair rallied upwards to succeed achieving our first waited target at 0.6210, showing some bearish bias by today’s open to head towards potential test to the key support 0.6140, waiting to resume the bullish trend to head towards our next target at 0.6290.
The positive effect of the double bottom pattern still active, noting that breaking 0.6140 followed by 0.6110 levels will stop the bullish wave and push the price to return to the correctional bearish track again.
The expected trading range for today is between 0.6130 support and 0.6240 resistance
The expected trend for today: Bullish
Origin: Economies
