The NZDUSD under the negative pressure – Analysis - 03-04-2023

The NZDUSD pair managed to touch our waited target at 0.6290 and bounced bearishly to break the intraday bullish trend line now, which puts the price under expected negative pressure in the upcoming sessions, targeting visiting 0.6140 level as a next main station.

Therefore, the bearish bias will be expected for today, and breaking 0.6200 will ease the mission of achieving the suggested target, while breaching 0.6250 followed by 0.6290 levels represent the key to regain the main bullish trend again and stop the current correctional bearish pressure.

The expected trading range for today is between 0.6160 support and 0.6270 resistance

The expected trend for today: Bearish