The NZDUSD pair bounced bearishly after approaching 0.6290 level, starting today with more bearish bias to break the intraday bullish trend line and settles below it, which puts the price under expected negative pressure in the upcoming sessions, targeting visiting 0.6140 mainly.
Therefore, the bearish bias will be expected for today, supported by moving below the EMA50, noting that breaching 0.6225 will stop the expected decline and lead the price to rise again.
The expected trading range for today is between 0.6140 support and 0.6250 resistance
The expected trend for today: Bearish
Origin: Economies
