The NZDUSD price broke 0.6140 level clearly and ended yesterday below it, to stop the recently suggested positive scenario and head towards expected visit to 0.6070 areas, making the bearish bias expected for today.
The continuation of the bearish wave depends on the price stability below 0.6140, as breaching it represents the key to start new recovery attempts and build bullish wave that targets 0.6228 areas initially.
The expected trading range for today is between 0.6050 support and 0.6150 resistance
Trend forecast: Bearish
Origin: Economies
