NZDUSD Price Analysis
Expected Scenario
The NZDUSD price tested the 0.6140$ level and encountered solid resistance, resulting in a slight bearish bias.
Affected by RSI negativity, the price is waiting to gather positive momentum to breach the mentioned level and head towards 0.6228$ as the next main target.
The bullish trend will remain valid for the upcoming period, with the consideration that failing to breach 0.6140$ will halt the expected rise.
In such a scenario, the price may rebound bearishly and test 0.6070$ before any new attempt to rise.
Expected Trading Range
Between 0.6070$ support and 0.6170$ resistance.
Trend Forecast: Bullish
Origin: Economies
