The NZDUSD pair bounced bearishly after testing 0.6290 level in the previous sessions, to resume the bearish trend that targets testing 0.6205 followed by 0.6140 levels as main negative targets.
Therefore, we expect to witness more decline in the upcoming sessions, supported by moving below the EMA50, noting that the continuation of the bearish wave depends on the price stability below 0.6290.
The expected trading range for today is between 0.6160 support and 0.6270 resistance
The expected trend for today: Bearish
Origin: Economies
