The NZDUSD pair rallied upwards clearly yesterday to breach 0.6200 level and test the key resistance 0.6290, and still below this level, to keep the chances valid to continue the expected bearish trend on the intraday basis, which its targets begin at 0.6140.
Stochastic provides negative signals that support the expected decline, and breaking 0.6220 is required to reinforce the negative overview, noting that breaching 0.6290 will stop the negative scenario and push the price to turn to rise.
The expected trading range for today is between 0.6170 support and 0.6300 resistance
The expected trend for today: Bearish