The NZD/USD pair is currently displaying renewed positive trades, reinforcing expectations for an upward trajectory in the upcoming sessions. It’s important to highlight that our primary target remains at 0.6290.
The positive signal from the Stochastic oscillator serves as a motivating factor for the price to pursue additional gains in the intraday context. It’s crucial to note that the sustainability of the bullish momentum hinges on the price maintaining stability above the 0.6140 level.
The projected trading range for the present day is anticipated to oscillate between the support at 0.6200 and the resistance at 0.6290.
In summary, the prevailing trend for today leans bullish, with a keen eye on the 0.6290 target. Traders are advised to monitor the critical support level at 0.6140 for any potential shifts in the current trend.