The NZDUSD crawls upwards – Analysis 08-02-2024

news_22_feb_nzd_usd_2The NZDUSD pair fluctuates with slight positivity to approach our waited target at 0.6140, and the way seems open to surpass this level to achieve additional positive targets that reach 0.6228.

Therefore, the bullish trend will remain valid and active for the upcoming period, supported by the EMA50 that forms good intraday support base against the price, reminding you that the continuation of the bullish wave depends on the price stability above 0.6070.

The expected trading range for today is between 0.6080 support and 0.6170 resistance

The expected trend for today: Bullish

Origin: Economies

 

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