The NZDUSD price traded with strong negativity yesterday to confirm breaking 0.6070$ level, to turn to decline and head towards achieving negative targets that start by testing 0.6000$, noting that breaking this level will push the price towards 0.5915$ on the near-term basis.
Therefore, we expect to witness more decline in the upcoming sessions unless the price rallied to breach 0.6070$ and hold above it.
The expected trading range for today is between 0.5970$ support and 0.6070$ resistance
Trend forecast: Bearish
Origin: Economies
