The NZDUSD price succeeded to touch our waited target at 0.6368$ and attempts to breach it now, to support the chances of continuing the bullish trend on the intraday and short-term basis and paves the way to achieve additional gains that extend to 0.6460$.
Therefore, the bullish trend will remain valid and active, supported by the EMA50, taking into consideration that failing to breach 0.6368$ will push the price to rebound bearishly and head to test 0.6255$ – 0.6228$ areas before any new attempt to rise.
The expected trading range for today is between 0.6320$ support and 0.6420$ resistance
Trend forecast: Bullish
Origin: Economies
