The NZDUSD suffers more losses – Analysis - 25-05-2023

The NZDUSD pair shows more strong negative trades, as it surpassed our waited target at 0.6140 to reach the first extended target at 0.6080, and we expect the continuation of the bearish bias in the upcoming sessions to visit 0.6020 as a next negative station.

Therefore, we will continue to suggest the bearish trend on the intraday and short term basis, noting that holding below 0.6140 is important to achieve the expected targets.

The expected trading range for today is between 0.6015 support and 0.6145 resistance

The expected trend for today: Bearish