The NZDUSD pair continued to decline to surpass our first target at 0.6140 and close the daily candlestick below it, confirming the continuation of the correctional bearish trend and head to achieve additional negative targets that reach 0.6070.
Therefore, we are waiting for more expected decline on the intraday basis, supported by the negative pressure formed by the EMA50, noting that it is important to hold below 0.6140 to continue the bearish trend.
The expected trading range for today is between 0.6070 support and 0.6170 resistance
The expected trend for today: Bearish
Origin: Economies
