The NZDUSD pair traded with strong negativity yesterday to approach our waited target at 0.5900, and we expect the continuation of the bearish bias to surpass this level and achieve additional negative targets that reach 0.5835.
Therefore, the bearish trend scenario will remain valid and active, noting that failing to break 0.5900 will stop the expected decline and push the price to rise again.
The expected trading range for today is between 0.5860 support and 0.5960 resistance
The expected trend for today: Bearish
Origin: Economies
