The NZD/USD pair settled below the 0.6100 barrier, awaiting a resumption of negative trading toward the next target at 0.6020.
Therefore the downward trend scenario remains viable, supported by negative signals from technical indicators, however it’s crucial for the price to hold below 0.6140 for the expected decline to carry on.
Expected trading range for today is between the 0.6010 support and the 0.6120 resistance.
Expected trend for today: Bearish
Origin: Economies
