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The NZDUSD price is currently range-bound between support at $0.6070 and resistance at $0.6140. To confirm the continuation of the anticipated bullish trend on an intraday basis, the price needs to surpass the resistance level at $0.6140, targeting areas around $0.6228 as the next major station.
Therefore, the bullish outlook remains valid for the near term. It’s important to note that a break below $0.6070 would negate the expected upward movement and potentially trigger a decline.
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Today’s expected trading range is between support at $0.6050 and resistance at $0.6150.
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Trend Forecast: Bullish
