NZDUSD Price Analysis
Expected Scenario
The NZDUSD price traded with clear negativity yesterday to move away from the $0.6140 level and confirm the domination of the bearish bias on the intraday basis, on its way to test $0.6070 initially, noting that breaking this level will push the price towards $0.6000 as the next negative target.
Therefore, we are waiting for more expected decline in the upcoming sessions unless the price rallies to breach $0.6140 and hold above it.
Expected Trading Range
Between $0.6050 support and $0.6140 resistance.
Trend Forecast: Bearish
Origin: Economies
