The NZDUSD price traded with strong positivity in the previous sessions to touch our waited target at 0.6228$ and settles there, noticing that this level forms solid resistance against the price, accompanied by witnessing clear negative signals through the RSI, which might push the price to rebound bearishly to head towards 0.6140$ areas mainly.
Therefore, we expect to witness negative trades in the upcoming sessions, noting that breaching 0.6228$ will lead the price to resume the main bullish trend and achieve new gains that reach 0.6300$ as a next positive station.
The expected trading range for today is between 0.6165$ support and 0.6265$ resistance
Trend forecast: Bearish
Origin: Economies
