The NZDUSD pair trades with slight positivity by today’s open to test the key resistance 0.5900, accompanied by witnessing negative signals through stochastic, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which its next targets located at 0.5820 followed by 0.5750.
Holding below 0.5900 is important to continue the expected decline, as breaching it represents the key to start intraday bullish wave that targets testing 0.6020 areas initially.
The expected trading range for today is between 0.5820 support and 0.5920 resistance
The expected trend for today: Bearish
Origin: Economies
