The NZDUSD pair touched 0.6275 level and found solid support there, to show some bullish bias and retest the broken neckline of the head and shoulders’ pattern that appears on the chart, waiting to resume the negative trades to break the mentioned level and head towards 0.6130 as a next target.
Therefore, the bearish trend scenario will remain valid for the upcoming period unless breaching 0.6385 and holding above it.
The expected trading range for today is between 0.6250 support and 0.6365 resistance
The expected trend for today: Bearish
Origin: Economies
