The NZDUSD currency pair has successfully reached the upper boundary of the bearish channel that is prominently depicted on the chart. It is recommended to surpass this level in order to pave the way for an additional surge, potentially reaching the 0.6020 mark.
Consequently, market observers can anticipate further ascent in the intraday context. However, it is imperative to note that breaching the 0.5965 level is essential to facilitate the accomplishment of the anticipated target. The sustainability of the bullish trajectory hinges on the price’s ability to remain steadfast above the 0.5900 level.
The envisaged range for trading activities today is anticipated to span between 0.5900 as the support level and 0.6010 as the resistance threshold.
Expected trend for today: Bullish