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The NZDUSD faces solid resistance – Analysis - 25-01-2024
The NZDUSD pair found solid resistance at 0.6140, to show some bearish bias and test 0.6100 level now, noticing that stochastic got rid of its negative momentum to reach the oversold areas, which supports the chances of resuming the positive trades in the upcoming sessions, waiting to breach the mentioned level to open the way to rally towards 0.6228 as a next positive target.
Therefore, the bullish trend scenario will remain suggested for the upcoming period unless breaking 0.6070 and holding below it.
The expected trading range for today is between 0.6070 support and 0.6170 resistance
The expected trend for today: Bullish
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