NZDUSD Price Analysis
Continued Bearish Momentum
The NZDUSD price opens today’s trading with new negativity, breaking the 0.6000$ level.
This reinforces the expectations of continuing the bearish trend, with a target at 0.5915$.
Confirmation of Bearish Trend
Consolidation below 0.6000$ confirms the domination of the bearish trend.
Stepping above it may initiate an intraday bullish wave with initial targets around 0.6070$.
Trading Range
The expected trading range for today is between 0.5930$ support and 0.6040$ resistance.
Trend forecast: Bearish
Origin: Economies
