The NZDUSD pair trades with clear positivity now to breach 0.6216 and attempts to hold above it, which supports the continuation of our bullish overview on the intraday and short term basis, and the way is open to head towards our next positive target at 0.6295.
The EMA50 continues to provide the positive support to the price, taking into consinderation that failing to consolidate above 0.6216 might press on the price to test 0.6150 areas and might extend to 0.6073 before any new attempt to rise.
The expected trading range for today is between 0.6180 support and 0.6300
The expected trend for today: Bullish