NZDUSD Price Analysis
Expected Scenario
The NZDUSD price bounced downwards clearly after testing 0.6100$ yesterday, noticing that the price begins today with additional decline to break 0.6070$ level and settles below it, which stops yesterday’s suggested positive scenario to head towards visiting 0.6000$ barrier as a main negative target.
Therefore, we expect to witness more decline in the upcoming sessions, noting that breaching 0.6070$ will stop this decline to head towards recovering again and achieve gains that reach 0.6140$.
Expected Trading Range
Between 0.6000$ support and 0.6090$ resistance.
Trend Forecast: Bearish
Origin: Economies
