The NZDUSD price couldn’t manage to hold for long time above 0.6070$, to rebound bearishly and break it to settle below it again, to fall under the negative pressure in the upcoming sessions, targeting visiting 0.6000$ initially.
Therefore, the bearish bias will be suggested for today, noting that breaching 0.6070$ followed by 0.6095$ levels will stop the expected decline and lead the price to start new recovery attempts.
The expected trading range for today is between 0.5990$ support and 0.6090$ resistance
Trend forecast: Bearish
Origin: Economies
