The NZDUSD pair attempts to break the neckline of the head and shoulders’ pattern that appears on the chart, which supports the continuation of the expected bearish trend for the upcoming period efficiently, opening the way to achieve our negative targets that start at 0.6275 and extend to 0.6130.
Therefore, the bearish trend scenario will remain active, noting that breaching 0.6385 will stop the current negative pressure and lead the price to recover.
The expected trading range for today is between 0.6240 support and 0.6360 resistance
The expected trend for today: Bearish
Origin: Economies
