The NZDUSD pair reaches the waited negative target at 0.6140, and by taking a deeper look at the chart, we find that the price completed forming minor head and shoulders’ pattern that we expect to push the price to break the mentioned level and open the way to achieve additional negative targets that reach 0.6070.
Therefore, the bearish trend will remain suggested for the upcoming sessions, noting that failing to break 0.1640 will stop the expected decline and lead the price to recover and head to test 0.6228 areas initially.
The expected trading range for today is between 0.6100 support and 0.6200 resistance
The expected trend for today: Bearish
Origin: Economies
