The NZDUSD price reached the thresholds of the waited target at 0.6070 and begins to provide bullish rebound signals, to hint heading towards achieving expected gains on the intraday basis, targeting visiting 0.6140 mainly.
Therefore, the bullish bias will be suggested for today, being aware that is important to monitor the price when reaching the targeted level, as breaching it will lead the price to achieve additional positive targets that reach 0.6228, while on the other hand, breaking 0.6070 will stop the expected rise and push the price to suffer new losses that reach 0.6000.
The expected trading range for today is between 0.6050 support and 0.6150 resistance
Trend forecast: Bullish
Origin: Economies
