The NZDUSD attempts to recover – Analysis - 09-06-2023
Economies.com
2023-06-09 03:50AM UTC
The NZDUSD pair shows positive trades to move near 0.6100, and by taking a deeper look at the chart, we find that the price is forming double bottom pattern that we expect to push the price to achieve intraday gains and head to test 0.6140 as a first station.
Therefore, we suggest witnessing positive trades in the upcoming sessions supported by moving above the EMA50, taking into consideration that breaking 0.6020 will stop the expected rise and push the price to resume the bearish trend again.
The expected trading range for today is between 0.6050 support and 0.6150 resistance
The expected trend for today: Bullish
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