The NZDUSD pair continued to decline to approach 0.6200 barrier, noticing that the price attempts to consolidate above the bullish trend line that appears on the chart, facing contradiction between the technical factors that makes us prefer to stay aside until we get clearer signal for the next trend, through breaking 0.6240 support or breaching 0.6290 resistance.
Note that breaking the mentioned support will press on the price to achieve additional decline that its next target reaches 0.6140, while breaching the resistance represents the key to reactivate the positive scenario that its next target located at 0.6385.
The expected trading range for today is between 0.6200 support and 0.6300 resistance
The expected trend for today: Neutral
Origin: Economies
