The NZDUSD pair staged a robust upward rally, successfully reaching our initial target at 0.5965. It’s noteworthy that the price not only attained this level but also continued to surge, confirming the ongoing dominance of the bullish trend. As a reminder, the subsequent target is positioned at 0.6020.
Moreover, surpassing this level would propel the price to sustain its upward trajectory, with the potential to achieve further positive objectives, encompassing 0.6090, followed by 0.6140. This upward momentum remains valid unless the price breaches 0.5900 and establishes a sustained position below this level.
The expected trading range for today is anticipated to oscillate between the support at 0.5950 and the resistance at 0.6050.
The prevailing trend for today is unequivocally bullish.