The NZDUSD pair provided additional negative trades yesterday to break 0.6240 level and settles below it, to fall under expected negative pressure in the upcoming sessions, targeting visiting 0.6140 level as a next main station.
Therefore, the bearish bias will be suggested for today, supported by moving below the EMA50, noting that breaching 0.6260 followed by 0.6290 levels will stop the negative scenario and lead the price to build new bullish wave on the intraday basis.
The expected trading range for today is between 0.6160 support and 0.6270 resistance
The expected trend for today: Bearish
Origin: Economies
