The NZDUSD pair tested the key resistance 0.6140 and kept its stability below it, to keep the bearish trend scenario valid and active, waiting to visit 0.6020 that represents the next correctional target.
The technical indicators provide negative signals that support the expected decline, which moves organized inside correctional bearish channel that has negative targets that surpass the mentioned level to reach 0.5900.
Therefore, we will continue to suggest the bearish trend conditioned by the price stability below 0.6140.
The expected trading range for today is between 0.6030 support and 0.6150 resistance
The expected trend for today: Bearish
Origin: Economies
