The NZDUSD pair continued to decline to surpass our first target at 0.6205 and approaches the second suggested target at 0.6140, and the way seems open to break the last level and open the way to achieve additional negative targets, as the price is affected by the previously completed double top pattern, to head towards visiting 0.6050 areas as a next main station.
Therefore, the bearish trend will remain expected for the upcoming period, noting that failing to break 0.6140 will lead the price to start recovery attempts that target testing 0.6225 followed by 0.6290 areas mainly.
The expected trading range for today is between 0.6100 support and 0.6200 resistance
The expected trend for today: Bearish
Origin: Economies
