The NZDUSD gets a positive close – Analysis 20-02-2024

usd-nzdThe NZDUSD pair breached 0.6140 level and closed the daily candlestick above it, to support the expectations of continuing the intraday bullish trend, which targets 0.6228 mainly.

The RSI negativity might push the price to fluctuate within sideways track before resuming the expected rise, noting that failing to consolidate above 0.6140 will push the price to decline and test 0.6070 areas before any new attempt to rise.

The expected trading range for today is between 0.6100 support and 0.6190 resistance

The expected trend for today: Bullish

Origin: Economies

 

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