The NZDUSD faces solid resistance – Analysis 12-02-2024

nzd_3_newsThe NZDUSD pair finds difficulty to hold above 0.6140 level, to show some bearish bias by today’s open, but we will depend on the last daily close above this level to suggest the continuation of the bullish trend in the upcoming sessions, which targets 0.6228 as a next main station.

The EMA50 supports the suggested bullish wave, which will remain valid conditioned by confirming breaching 0.6140 and holding above it.

The expected trading range for today is between 0.6090 support and 0.6190 resistance

The expected trend for today: Bullish

Origin: Economies

 

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