The NZDUSD price succeeded to achieve our waited target at 0.6070$ yesterday, but it begins today with strong decline affected by the RBNZ decision to lower the interest rate, to reach 0.6000$ areas now, and we prefer to stay aside until the price absorbs the rate decision and detect its next destination clearly.
Note that the continuation of the decline and breaking 0.6000$ will push the price to suffer additional losses that reach 0.5915$, while breaching 0.6070$ will lead the price to resume the bullish track and achieve new positive targets that start by visiting 0.6140$ areas.
The expected trading range for today is between 0.5950$ support and 0.6070$ resistance
Trend forecast: Neutral
Origin: Economies
