The NZDUSD pair fluctuates around 0.6275 level, noticing that stochastic begins to overlap negatively now, waiting to motivate the price to resume the negative trades to head towards our next main target at 0.6130.
The negative effect of the head and shoulders’ pattern still active, to continue suggesting the bearish trend for the upcoming period unless breaching 0.6335 and holding above it.
The expected trading range for today is between 0.6200 support and 0.6335 resistance
The expected trend for today: Bearish
Origin: Economies
