The NZD/USD attempts positively – Analysis – 11/07/2023

nzd_2_newsThe NZDUSD pair shows bullish bias to settle above 0.6200 barrier, reinforcing the expectations of continuing the bullish trend, and the way is open to achieve our main waited target at 0.6290.

Therefore, the positive scenario will remain valid for the upcoming period, supported by moving above the EMA50, reminding you that breaking 0.6140 will stop the suggested bullish trend and put the price under the correctional bearish pressure again.

The expected trading range for today is between 0.6180 support and 0.6270 resistance

The expected trend for today: Bullish

Origin: Economies

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