NZDUSD Price Analysis
Expected Scenario
The NZDUSD price provided additional positive trades to attack the 0.6140$ level and attempts to hold above it, hinting at a possible return to the bullish track.
The EMA50 keeps pressing negatively on the price, potentially hindering the mission to rise.
We prefer to stay aside until the price confirms its situation according to the 0.6140$ level.
Holding above 0.6140$ will lead the price to achieve new gains reaching 0.6228$, while trading below it again will reactivate the bearish wave scenario.
Expected Trading Range
Between 0.6090$ support and 0.6190$ resistance.
Trend Forecast: Neutral
Origin: Economies
