The NZD/USD pair continues its upward trajectory, demonstrating further gains as it tests the 0.6140 level. This suggests a potential halt to the recent bearish correction, signifying a resurgence of the primary bullish trend. It’s noteworthy that surpassing the aforementioned level would propel the price further upwards, targeting the next positive objective at 0.6228.
Traders are advised to monitor the price dynamics closely, especially the 0.6070 level, as breaching this support could interrupt the anticipated bullish trend, subjecting the price to corrective downward pressures.
The projected trading range for the current session is anticipated to fluctuate between the support level at 0.6100 and the resistance level at 0.6190.
The prevailing trend for today leans towards a bullish bias, contingent on the sustained upward momentum and the breach of key resistance levels.