The NZDUSD pair opens today’s trading with clear negativity to move away from 0.6140 level, to confirm reactivating the bearish trend scenario and head towards achieving negative targets that reach 0.6020.
Therefore, we expect to witness more decline in the upcoming sessions, supported by the negative pressure formed by the EMA50, noting that breaching 0.6140 followed by 0.6165 levels will stop the expected decline and lead the price to start new recovery attempts.
The expected trading range for today is between 0.6050 support and 0.6140 resistance
The expected trend for today: Bearish
Origin: Economies
