The NZDUSD pair provided positive trades to approach the key resistance 0.6140, noticing that the price consolidates above this level and provide bearish rebound signals now, which keeps our bearish overview valid on the intraday basis, waiting to visit 0.6020 mainly.
The EMA50 forms continuous negative pressure that supports the suggested bearish wave, which will remain valid unless the price rallied to breach 0.6140 and hold above it.
The expected trading range for today is between 0.6040 support and 0.6150 resistance
The expected trend for today: Bearish
Origin: Economies
