The NZDUSD pair managed to touch our first waited target at 0.6020, noticing that the price begins today with additional negativity to break this level and settles below it, reinforcing the expectations of continuing the bearish trend, paving the way to head towards our next targets that start at 0.5950 followed by 0.5900.
Therefore, we will continue to suggest the bearish trend for the upcoming period, noting that breaching 0.6020 will stop the expected decline and lead the price to start recovery attempts on the intraday basis.
The expected trading range for today is between 0.5950 support and 0.6050 resistance
The expected trend for today: Bearish
Origin: Economies
