The NZDUSD pair shows clear negative trades by today’s open to hint the weakness of the bullish wave and head to turn to decline in the upcoming sessions, targeting testing 0.6140 initially, noting that breaking this level will put the price under additional negative pressure that its next targets reach 0.6070.
Therefore, we expect to witness more decline on the intraday basis unless the price managed to breach 0.6228 and hold above it.
The expected trading range for today is between 0.6110 support and 0.6210 resistance
The expected trend for today: Bearish
Origin: FreshForex
