The NZDUSD pair shows sideways trades and settles around 0.6060, and the EMA50 forms continues negative pressure that supports the continuation of the expected bearish trend on the intraday basis, waiting to get negative motive that assist to push the price to achieve our negative targets that start at 0.6020 and extend to 0.5950 followed by 0.5900 after breaking the first level.
In general, the negative scenario will remain active unless the price rallied to breach 0.6140 and hold above it.
The expected trading range for today is between 0.6000 support and 0.6100 resistance
The expected trend for today: Bearish
Origin: Economies
