The NZDUSD price broke 0.6140$ level clearly and closed the daily candlestick below it, to fall under expected negative pressure in the upcoming sessions and head towards visiting 0.6070$ areas mainly.
Therefore, the bearish trend will be expected for today, organized inside the bearish channel that appears on the chart, noting that breaching 0.6140$ and holding above it will stop the expected decline and lead the price to attempt to build new bullish wave on the intraday basis.
The expected trading range for today is between 0.6070$ support and 0.6175$ resistance
Trend forecast: Bearish
Origin: Economies
