The NZDUSD pair traded with clear negativity yesterday and approached our waited target at 0.6070, and rebounds bullishly to test the key resistance 0.6140, noting that holding below this level keeps our bearish overview valid, noting that surpassing the mentioned target will extend the bearish wave to reach 0.6000 as a next negative target.
The EMA50 supports the continuation of the expected bearish trend, while breaching 0.6140 represents positive factor that will lead the price to attempt to regain the main bullish trend again.
The expected trading range for today is between 0.6060 support and 0.6160 resistance
The expected trend for today: Bearish
Origin: Economies
