The NZDUSD pair bounced bullishly after approaching the waited target at 0.6140, to fluctuate around 0.6220 now, noticing that stochastic shows negative signals now that we expect to motivate the price to decline again, to keep the bearish trend scenario active, reminding you that breaking 0.6140 will push the price to 0.6050 as a next main target.
On the other hand, we should note that the continuation of the rise and breaching 0.6235 will push the price to achieve additional gains and test 0.6290 before determining the next destination clearly.
The expected trading range for today is between 0.6160 support and 0.6250 resistance
The expected trend for today: Bearish
Origin: Economies
