Midday update for the NZDUSD 08-06-2023
Economies.com
3 months ago
The NZDUSD pair shows positive trades to move above the EMA50, affected by stochastic positivity, and it is important to note that holding above 0.6050 barrier will push the price to achieve additional gains for the rest of the day to head towards 0.6140 mainly.
On the other hand, the price needs to break 0.6020 to confirm the continuation of the correctional bearish trend domination and head towards 0.5900 areas as a next main station.
The expected trading range for today is between 0.5980 support and 0.6100 resistance
The expected trend for today: Bearish
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