The NZDUSD pair keeps declining to approach our extended target at 0.6020, reinforcing the expectations of continuing the domination of the correctional bearish trend, noting that breaking this level will push the price to 0.5900 areas on the near term basis.
Therefore, the bearish trend will remain valid and active for the upcoming period, noting that breaching 0.1640 will stop the current negative pressure and lead the price to turn to rise.
The expected trading range for today is between 0.5995 support and 0.6110 resistance
The expected trend for today: Bearish
Origin: Economies
