The NZDUSD pair continued to rise to test 0.6290 level, noticing that this level consolidates well against the bullish rally, to start today negatively that hints heading to resume the expected bearish trend for the upcoming period, which its next main target located at 0.6140.
Therefore, the bearish trend scenario will remain valid and active on the intraday basis, supported by stochastic negativity that appears clearly now, taking into consideration that breaching 0.6290 will stop the expected decline and lead the price to turn to rise.
The expected trading range for today is between 0.6210 support and 0.6310 resistance
The expected trend for today: Bearish
Origin: Economies
