The NZDUSD begins positively – Analysis - 29-11-2022

Economies.com
2022-11-29 04:47AM UTC

The NZDUSD pair provided clear negative trades yesterday to test the EMA50, starting today with bullish bias to approach 0.6240 level, to hint heading to recover in the upcoming sessions and achieve more gains, which makes us suggest witnessing more rise on the intraday and short term basis, noting that breaching the mentioned level will push the price to 0.6300 areas direct.

 

Therefore, the bullish bias will be suggested in the upcoming sessions unless breaking 0.6175 and holding below it.

 

The expected trading range for today is between 0.6160 support and 0.6270 resistance

The expected trend for today: Bullish

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