The NZDUSD pair traded with strong negativity yesterday to settle below 0.6140, and by taking a deeper look at the chart, we find that the price completed forming double top pattern that supports the chances of continuing the bearish bias in the upcoming period, waiting to visit 0.6020 as a first station, reminding you that surpassing this level will push the price to 0.5900 as a next negative station.
Therefore, we expect to witness more bearish bias on the intraday basis unless the price rallied to breach 0.6140 and hold above it.
The expected trading range for today is between 0.6010 support and 0.6120 resistance
The expected trend for today: Bearish
Origin: Economies
