The NZDUSD price faces additional negative pressures by today’s open to break 0.6070$ level and attempt to hold below it, to turn to decline on the intraday basis and start bearish wave that targets 0.6000$ areas as a next main station.
Therefore, the bearish bias will be expected for today, noting that breaching 0.6070$ and holding above it again will reactivate the bullish wave that its next target located at 0.6140$.
The expected trading range for today is between 0.6010$ support and 0.6100$ resistance
Trend forecast: Bearish
Origin: Economies
