The NZDUSD pair traded with strong negativity to break 0.5900 and turns to decline, as it reaches the expected negative target at 0.5830, and we expect the continuation of the decline to surpass this level and head towards 0.5750 as a next station.
Therefore, we expect to witness more decline in the upcoming sessions unless the price rallied to breach 0.5900 and hold above it.
The expected trading range for today is between 0.5760 support and 0.5870 resistance
The expected trend for today: Bearish
Origin: Economies
