NZDUSD Price Analysis
Expected Scenario
The NZDUSD price confirmed breaching the 0.6140$ level to activate the bullish trend scenario on the intraday basis and open the way to achieve positive targets that start by testing 0.6228$.
This bullish movement is supported by the EMA50 that carries the price from below.
Breaking the targeted level will lead the price to achieve additional gains that reach 0.6300$, while breaking 0.6140$ will stop the expected rise and push the price to head towards 0.6070$ initially.
Expected Trading Range
Between 0.6120$ support and 0.6220$ resistance.
Trend Forecast: Bullish
Origin: Economies
