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NZDUSD Price Analysis
Expected Scenario
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The NZDUSD price has approached the anticipated positive target at $0.6140, currently trading sideways near the EMA50. It is poised to resume its bullish trend to initially test the mentioned level, with potential to move towards $0.6228 in the near term upon breaching.
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Maintaining levels above $0.6070 is crucial for sustaining the expected upward movement. Conversely, a break below this support could lead to a decline, targeting around $0.6000.
Expected Trading Range
Support: $0.6070
Resistance: $0.6170
Trend Forecast: Bullish
