The NZDUSD pair faced temporary negative pressure yesterday to test the EMA50 that forms good support against the price, starting today with new rise to approach 0.6240 level, waiting to breach this level to confirm the continuation of the bullish wave that we expect to reach 0.6300 areas as a next main target.
Therefore, the bullish trend scenario will remain suggested as long as 0.6175 level remains intact.
The expected trading range for today is between 0.6160 support and 0.6270 resistance
The expected trend for today: Bullish