The NZDUSD pair couldn’t manage to hold for long time above 0.6257, to trade negatively and break 0.6240 level, which puts the price under more potential negative pressure in the upcoming sessions, it will be confirmed by breaking 0.6180 level.
Now, we prefer to stay aside until we get clearer signal for the next trend, noting that breaking 0.6180 support will press on the price to return to the main bearish track again and achieve negative targets that start at 0.6135 and extend to 0.6060, while breaching 0.6257 resistance represents the key to resume the correctional bullish track that its next target located at 0.6320.
The expected trading range for today is between 0.6170 support and 0.6300 resistance
The expected trend for today: Neutral
Origin: Economies
