The NZDUSD pair traded with clear negativity yesterday, starting today with additional decline to press on 0.5800 level, to hint heading to achieve more bearish bias in the upcoming sessions, targeting 0.5750 followed by 0.5700 levels as main negative stations.
Therefore, we suggest the continuation of the bearish trend on the intraday basis, noting that breaching 0.5830 will stop the expected decline and lead the price to recover on the intraday basis.
The expected trading range for today is between 0.5740 support and 0.5850 resistance
The expected trend for today: Bearish
Origin: Economies
