The NZDUSD pair trades with slight negativity now, to head towards potential test to the key support 0.6140, noticing that the EMA50 provides continuous positive support to the price, while stochastic reaches the oversold areas now.
Therefore, we believe that the chances valid to resume the main bullish trend, which targets 0.6290 as a next station, noting that breaking 0.6140 will stop the expected rise and push the price to turn to decline.
The expected trading range for today is between 0.6140 support and 0.6250 resistance
The expected trend for today: Overall bullish
Origin: Economies
