The NZDUSD pair bounced downwards clearly yesterday to attack 0.6140 level, noticing that the price closed the daily candlestick below it, to activate the negative scenario in the upcoming sessions, opening the way to head towards 0.6020 areas as a next main station.
Therefore, we expect to witness new negative trades on the intraday and short term basis, and the price needs to consolidate below 0.6140 to confirm the continuation of the bearish trend, as stepping above it will lead the price to attempt to build intraday bullish wave that its targets begin at 0.6220 and extend to 0.6290.
The expected trading range for today is between 0.6065 support and 0.6170 resistance
The expected trend for today: Neutral
Origin: Economies
