NZDUSD Price Analysis
Expected Scenario
- The NZDUSD price has started today with clear positivity, aiming to attack the 0.5915$ level and attempting to hold above it. This indicates an attempt to recover and achieve intraday gains. However, it's preferable to stay aside until the price confirms its situation according to the mentioned level and clarifies its next destination.
- Confirming the breach will lead the price to achieve positive targets, starting with visiting the 0.6000$ areas. Conversely, trading below the level again will reactivate the main bearish wave, with its next target located at 0.5772$.
Expected Trading Range
Between the support at 0.5870$ and the resistance at 0.5980$
Trend Forecast: Neutral