The NZDUSD pair opened today’s trading with clear positivity to test the key resistance 0.6140, noticing that stochastic loses its positive momentum to support the chances of bouncing bearishly to resume the expected bearish trend on the intraday basis, reminding you that our first target is located at 0.6070.
Therefore, the negative scenario will remain valid in the upcoming sessions conditioned by the price stability below 0.6140, noting that breaking the targeted level will push the price to 0.6000 direct.
The expected trading range for today is between 0.6060 support and 0.6160 resistance
The expected trend for today: Bearish
Origin: Economies
