The NZDUSD pair keeps its stability below 0.6140 level, to keep the bearish trend scenario valid and active on the intraday basis, waiting to get negative motive that assists to push the price to head towards the next correctional level that reaches 0.6020.
The negative pressure formed by the EMA50 supports the continuation of the suggested bearish wave, while breaching 0.6140 – 0.6165 levels will stop the expected decline and lead the price to start recovery attempts on the intraday and short term basis.
The expected trading range for today is between 0.6065 support and 0.6170 resistance
The expected trend for today: Neutral
Origin: Economies
