The NZD/USD pair commenced today’s trading session with a significant surge, surpassing our anticipated target at 0.6140 and achieving a new target at 0.6205. This robust upward movement sets the stage for continued ascent on both intraday and short-term scales, with a prospective trajectory aiming for the 0.6288 levels as the next pivotal station.
As a consequence, the prevailing bullish trend is expected to maintain its dominance in the upcoming sessions. It is crucial, however, for the pair to sustain levels above 0.6140 to sustain the anticipated upward trajectory.
The projected trading range for the current day is forecasted to fluctuate between support at 0.6140 and resistance at 0.6250.
Anticipated Trend for Today: Bullish