The NZDUSD pair traded with clear positivity yesterday to breach 0.6290 and close the daily candlestick above it, and by taking a deeper look at the chart, we find that the price completed forming ascending triangle pattern that supports the chances of achieving more rise in the upcoming sessions, paving the way to achieve positive targets that start at 0.6385 and extend to 0.6440.
Therefore, we are waiting for more expected rise on the intraday and short term basis, supported by the EMA50 that carries the price from below, noting that breaking 0.6290 and holding below it again will put the price under the negative pressure to head towards testing 0.6215 areas initially.
The expected trading range for today is between 0.6240 support and 0.6370 resistance
The expected trend for today: Bullish