The NZDUSD pair ended last Friday with clear negativity, as it broke 0.6140 and settled below it, to fall under expected negative pressure in the upcoming sessions, targeting visiting 0.6020 areas mainly.
Therefore, the bearish bias will be suggested for today, supported by moving below the EMA50, noting that breaching 0.6140 will stop the expected decline and push the price to recover again.
The expected trading range for today is between 0.6055 support and 0.6155 resistance
The expected trend for today: Bearish
Origin: Economies
