The NZDUSD pair approached the positive target suggested yesterday at 0.6390 and bounced downwards strongly to resume the main bearish track, organized inside the bearish channel that appears on the chart, waiting to achieve negative targets that start at 0.6230 and extend to 0.6190.
Therefore, we expect to witness more decline today conditioned by the price stability below 0.6345.
The expected trading range for today is between 0.6200 support and 0.6300 resistance
Origin: Economies
