The NZDUSD pair faces negative pressure to move below 0.6020 level, which hints the attempt to decline again, but we notice that the technical indicators provide positive signals that might assist to push the price to recover.
Therefore, we prefer to stay aside until the price confirms its situation according to the mentioned level, noting that confirming breaking it will push the price to decline towards 0.5965 followed by 0.5900 levels mainly, while breaching it and holding above it will push the price to recover and head to visit 0.6095 followed by 0.6140 levels.
The expected trading range for today is between 0.5950 support and 0.6060 resistance
The expected trend for today: Neutral
Origin: Economies
