The NZDUSD pair broke 0.6235 level strongly and settled below it, to activate the negative scenario and head towards achieving negative targets that start at 0.6140 and extend to 0.6020 after breaking the previous level.
Therefore, we expect to witness more decline in the upcoming sessions, supported by the negative pressure formed by the EMA50, noting that failing to break 0.6140 will push the price to build intraday bullish wave that targets visiting 0.6290 areas again.
The expected trading range for today is between 0.6100 support and 0.6220 resistance
The expected trend for today: Bearish
Origin: Economies
