The NZDUSD rallies upwards – Analysis - 24-11-2022

The NZDUSD pair traded with strong positivity to breach 0.6190 followed by 0.6240 levels and settles above the last level, to stop the recently suggested negative scenario and head towards resuming the bullish trend on the short term basis, on its way to visit 0.6315 followed by 0.6385 levels as next positive stations.

The EMA50 supports the price from below, to reinforce the expectations of continuing the bullish trend, noting that holding above 0.6240 is important to achieve the suggested targets.

The expected trading range for today is between 0.6210 support and 0.6330 resistance

The expected trend for today: Bullish