NZDUSD Price Analysis
Expected Scenario
The NZDUSD price couldn’t manage to breach 0.6140$ level, to rebound bearishly and head towards testing 0.6070$ as a first station, noting that breaking this level will extend the bearish wave to reach 0.6000$ areas on the near-term basis.
We suggest witnessing more bearish bias in the upcoming sessions, taking into consideration that breaching 0.6140$ will stop the expected decline and lead the price to resume the bullish wave and achieve new gains that reach 0.6228$.
Expected Trading Range
Between 0.6040$ support and 0.6140$ resistance.
Trend Forecast: Bearish
Origin: Economies
