The NZD/USD pair has successfully breached the 0.6070 level, closing above it, signaling a reversal to the upside. The pair is now poised to test the initial target at 0.6140. A breakthrough beyond this level would be considered a positive factor, potentially halting the recent bearish correction and allowing the price to resume its main bullish trend.
The bullish scenario is expected to persist unless the pair breaks below 0.6070 and sustains a hold below this level.
The projected trading range for today is anticipated to be between the support at 0.6070 and resistance at 0.6170.
Expected Trend for Today: Bullish