The NZDUSD pair declined again to reach 0.6140 level now, and by taking a deeper look at the chart, we find that the price draws double top pattern that its confirmation line located at the mentioned support, and the chances valid to break this level and activate the negative effect of the mentioned level followed by rallying to achieving negative targets that we expect to reach 0.6020.
Therefore, the bearish bias will be expected for today, taking into consideration that failing to break 0.6140 will lead the price to recover again and head towards 0.6290 areas on the near term basis.
The expected trading range for today is between 0.6080 support and 0.6190 resistance
The expected trend for today: Bearish
Origin: Economies
