The NZDUSD pair tested 0.6290 level and bounced bearishly from there, which keeps the bearish trend scenario active for the upcoming period, waiting to test 0.6140 as a first negative target.
Stochastic negativity supports the continuation of the expected decline, and breaking 0.6220 will ease the mission of achieving the waited targets, taking into consideration that breaching 0.6290 will lead the price to turn to rise and build bullish wave that its first target reaches 0.6390.
The expected trading range for today is between 0.6160 support and 0.6270 resistance
The expected trend for today: Bearish