The NZDUSD pair is currently exhibiting sideways movement. Notably, stochastic indicators have registered positive momentum, reinforcing the likelihood of a resumption in the anticipated bullish trend over the intraday and short-term periods. The next significant target for this upward movement is expected to be at 0.6425.
The well-defined bullish channel remains a guiding structure for the suggested bullish wave, consistently supported by the EMA50. It is essential for the bullish momentum to persist that the pair maintains levels above 0.6290.
The projected trading range for today spans between the support at 0.6300 and resistance at 0.6400.
The prevailing trend for today remains bullish.