The NZDUSD pair couldn’t manage to hold for long time below 0.5900, to trade positively and attempt to achieve gains on the intraday basis, hindered by stochastic negativity that appears clearly now, to stay aside until we get clearer signal for the next trend.
Note that breaching 0.5935 will push the price to rise in the upcoming sessions and head towards 0.6020 direct, while breaking 0.5900 represents negative factor that will push the price to decline towards 0.5800 followed by 0.5750 levels.
The expected trading range for today is between 0.5860 support and 0.5990 resistance
The expected trend for today: Neutral
Origin: Economies
