The NZDUSD pair traded with strong negativity yesterday after confirming breaking 0.6020, to reach the thresholds of 0.5900 level, and we suggest the continuation of the bearish bias to surpass this level and achieve negative targets that reach 0.5840.
Therefore, we expect to witness more decline in the upcoming sessions, taking into consideration that the consolidation of 0.5900 level against the current negative pressure will lead the price to start new recovery attempts and build bullish waves that targets testing 0.6020 areas initially.
Advertistment
The expected trading range for today is between 0.5860 support and 0.5960 resistance
The expected trend for today: Bearish
Origin: Economies
