The NZDUSD pair opens today’s trading with clear negativity to move away from 0.6140 level, to activate the bearish trend scenario on the intraday basis and head towards achieving negative targets that start at 0.6070 and extend to 0.6000 after breaking the previous level.
Therefore, we are waiting for more expected decline in the upcoming sessions, noting that breaching 0.6140 will stop the current negative pressure and lead the price to start new recovery attempts.
The expected trading range for today is between 0.6040 support and 0.6140 resistance
The expected trend for today: Bearish
Origin: Economies
