NZDUSD Price Analysis
Expected Scenario
The NZDUSD price faces negative pressure to break 0.6140$ level and attempts to hold below it, to hint turning to decline in the upcoming period, while the EMA50 provides the positive support to the price, which might assist to push the price to rise again.
The contradiction between the technical factors makes us prefer to stay aside until the price confirms its situation according to the above-mentioned level, noting that confirming the break will push the price to target 0.6070$ areas initially, while trading above it again will revive the positive scenario that its next target located at 0.6228$.
Expected Trading Range
Between 0.6080$ support and 0.6180$ resistance
Trend Forecast: Neutral
Origin: Economies
