The NZDUSD pair trades positively now to move away from 0.5900 level, and begins to test the bearish channel’s resistance that appears on the chart, waiting to breach this resistance to confirm opening the way to continue the rise and head towards our targets that start at 0.5955 followed by 0.6020.
Therefore, the bullish trend scenario will remain valid and active, noting that breaking 0.5900 will stop the bullish trend and push the price to turn to decline.
The expected trading range for today is between 0.5880 support and 0.5980 resistance
The expected trend for today: Bullish
Origin: Economies
