The NZDUSD pair managed to breach the bearish channel’s resistance and hold above it, reinforcing the expectations of continuing the bullish trend on the intraday basis, waiting for more rise to visit 0.6020 mainly.
Stochastic current negativity might cause some temporary sideways fluctuation before resuming the bullish bias, reminding you that the continuation of the bullish wave depends on the price stability above 0.5900.
The expected trading range for today is between 0.5900 support and 0.6010 resistance
The expected trend for today: Bullish
Origin: Economies
