The NZDUSD price faces clear negative pressures to break the bullish trend line and head towards achieving more expected decline in the upcoming sessions, as it approaches the critical support at 0.6228$ now, which breaking it represents the key to confirm the domination on the bearish trend on the intraday and short-term basis, to head towards visiting 0.6140$ areas as a next main target.
Therefore, the bearish trend will be expected for today, noting that breaching 0.6275$ will stop the expected decline and lead the price to rise again.
The expected trading range for today is between 0.6180$ support and 0.6280$ resistance
Trend forecast: Bearish
Origin: Economies
