The NZDUSD pair couldn’t manage to confirm breaching 0.6140, to rebound downwards strongly and break 0.6070 level and settle below it, to fall under additional negative pressure that its next target reaches 0.6000.
Therefore, the bearish bias will be expected for today, and the price needs to hold below 0.6070 to keep the suggested decline valid, as breaching it will push the price to attempt to recover again and head to test 0.6140 areas initially.
The expected trading range for today is between 0.6010 support and 0.6110 resistance
The expected trend for today: Bearish
Origin: Economies
