The NZDUSD pair continued to rise to test the key resistance 0.6140, noticing that the EMA50 meets this level to add more strength to it, accompanied by witnessing clear overbought signals through stochastic.
Therefore, we believe that the chances valid to resume the correctional bearish trend, which targets 0.6020 as a next negative station, noting that breaching 0.6140 will stop the bearish trend and push the price to turn to rise.
The expected trading range for today is between 0.6070 support and 0.6165 resistance
The expected trend for today: Bearish
Origin: Economies
