The NZDUSD pair provided additional positive trades yesterday to approach our waited target at 0.6290, but it begins today with bearish bias to head towards testing 0.6140 initially, to suggest the decline in the upcoming sessions, affected by stochastic negativity.
The targeted level is important to detect the next destination, as breaking it will press on the price to achieve new bearish correction that its next target reaches 0.6020, while consolidating against the current negative pressure will push the price to recover again and head to visit 0.6290 initially.
The expected trading range for today is between 0.6140 support and 0.6250 resistance
The expected trend for today: Bearish
Origin: Economies
