The NZDUSD price retested the broken neckline of the double top pattern and bounced bearishly from there, to keep the negative effect of this pattern active, waiting to motivate the price to resume the negative trades and head towards 0.6070$ that represents our next main target.
Therefore, the bearish trend will remain valid for the upcoming period conditioned by the price stability below 0.6165$.
The expected trading range for today is between 0.6080$ support and 0.6280$ resistance
Trend forecast: Bearish
Origin: Economies
