The NZDUSD pair managed to breach 0.5958 and settles above it, to complete forming the inverted head and shoulders’ pattern and gets positive motive that supports the expectations of heading towards 0.6073 that represents our next main target.
Therefore, we will continue to suggest the bullish trend for today supported by the EMA50, noting that holding above 0.5958 represents initial condition to continue the expected rise.
The expected trading range for today is between 0.5885 support and 0.6050
The expected trend for today: Bullish