The NZDUSD pair traded within sideways and tight track yesterday, and provided temporary positive trades by today’s open, to continue suggesting the bearish trend on the intraday basis, depending on the price stability below 0.6290, waiting to visit 0.6140 as a first main target.
Therefore, we are waiting for negative trades in the upcoming sessions, supported by stochastic negativity, taking into consideration that breaching 0.2690 will push the price out of the correctional bearish track to head towards regaining the main bullish trend again.
The expected trading range for today is between 0.6170 support and 0.6280 resistance
The expected trend for today: Bearish
Origin: Economies
