The NZDUSD pair fluctuates around 0.6200 level, noticing that stochastic continues to provide the negative signals, waiting to assist to push the price to resume the expected bearish trend on the intraday basis, which its targets begin by breaking 0.6140 to open the way to rally towards 0.6050.
Therefore, the bearish trend scenario will remain valid conditioned by the price stability below 0.6235 and the most important below 0.6290.
The expected trading range for today is between 0.6160 support and 0.6250 resistance
The expected trend for today: Bearish
Origin: Economies
