The NZDUSD price provides new positive trades by today’s open, waiting to breach 0.6070$ to confirm the activation of the positive effect of the falling wedge pattern followed by rallying towards our main expected target at 0.6140$.
Therefore, the bullish trend scenario will remain valid and active, noting that breaking 0.6025$ followed by 0.6000$ levels will stop the bullish bias and push the price to suffer more losses in the upcoming period.
The expected trading range for today is between 0.6010$ support and 0.6110$ resistance
Trend forecast: Bullish
Origin: Economies
