The NZDUSD pair shows clear positive trades by today’s open to attack 0.6140 level and hint the attempt to regain the bullish trend, but it faces negative factors provided by the technical indicators, which makes us prefer to stay aside until the price confirms its situation according to the mentioned level.
Note that confirming breaching 0.6140 followed by breaching 0.6155 will confirm the continuation of the bullish wave and head to achieve gains that start at 0.6220 and extend to 0.6290, while consolidating below 0.6140 will push the price to decline towards 0.6020 on the near-term basis.
The expected trading range for today is between 0.6095 support and 0.6200 resistance
The expected trend for today: Neutral
Origin: Economies
