The NZDUSD pair shows sideways trades since yesterday, trading near 0.5900 level, and stochastic begins to overlap negatively now, to support the chances of resuming the negative trades and break the mentioned level followed by rallying towards our next targets that start at 0.5840 and extend to 0.5750.
The bearish channel organizes the suggested bearish wave, which will remain valid unless the price rallied to breach 0.6020 and hold above it.
The expected trading range for today is between 0.5870 support and 0.5970 resistance
The expected trend for today: Bearish
Origin: Economies
