The NZDUSD price opens today’s trading with strong decline to succeed reaching our waited negative target at 0.6070$, affected by the RBNZ rate decision, and the way seems open to surpass this level to extend the bearish wave towards 0.6000$ as a next main station.
Therefore, we will continue to suggest the bearish trend for the upcoming period, noting that failing to break 0.6070$ will lead the price to start recovery attempts and head to test 0.6140$ areas mainly.
The expected trading range for today is between 0.6020$ support and 0.6110$ resistance
Trend forecast: Bearish
Origin: Economies
