The NZDUSD pair rose again to test the key resistance 0.6290 and attempts to beach it, facing solid barrier there, as stochastic lost its positive momentum to press negatively on the price, which makes us prefer to stay aside until the price confirms its situation according to the mentioned level followed by detecting the next destination clearly.
Note that breaching the mentioned resistance will push the price to achieve new gains that reach 0.6365 as a next main station, while consolidating below it will push the price to decline again and head towards 0.6190 initially.
The expected trading range for today is between 0.6230 support and 0.6340 resistance
The expected trend for today: Neutral
Origin: Economies
