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The NZDUSD begins with strong negativity – Analysis - 16-11-2023
The NZDUSD pair opened today with strong decline to break 0.6020 and turn to decline, on its way to achieve negative targets that start at 0.5935 followed by 0.5900, making the bearish bias expected in the upcoming sessions.
Holding below 0.6020 keeps the negative scenario active, as breaching it represents the key to resume the bullish wave that its next target reaches 0.6090.
The expected trading range for today is between 0.5910 support and 0.6020 resistance
The expected trend for today: Bearish
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