The NZDUSD pair traded with clear negativity yesterday to break the intraday bullish channel’s support line, starting today with additional decline to break 0.6290 level and confirm the return to the correctional bearish track again, paving the way to achieve negative targets that start at 0.6200 and extend to 0.6140.
Therefore, the bearish bias will be expected for today unless breaching 0.6290 and holding above it again, as breaching this level will lead the price to attempt to rise and build new bullish wave on the intraday basis.
The expected trading range for today is between 0.6190 support and 0.6300 resistance
The expected trend for today: Bearish
Origin: Economies
