The NZDUSD pair resumed its negative trades to reach the thresholds of the waited target at 0.6020, waiting for more decline to surpass this level and open the way to rally towards 0.5900 as a next negative target.
Therefore, the bearish trend scenario will remain valid for the upcoming period, noting that the consolidation of 0.6020 against the current negative pressure will stop the expected decline and lead the price to recover and visit 0.6140 areas mainly.
The expected trading range for today is between 0.5980 support and 0.6100 resistance
The expected trend for today: Bearish