The NZDUSD pair shows some slight bullish bias now to head towards retesting the broken neckline of the double top pattern, affected by stochastic positivity, waiting to get negative momentum that assists to push the price to resume the correctional bearish trend, which targets 0.6020 initially.
Therefore, we will continue to suggest the bearish trend for the upcoming period conditioned by the price stability below 0.6140, noting that breaking the targeted level will extend the bearish wave to reach 0.5900 areas on the near term basis.
The expected trading range for today is between 0.6020 support and 0.6120 resistance
The expected trend for today: Bearish
Origin: Economies
