The NZD/USD pair encountered robust resistance at 0.6290, prompting a clear downward rebound and indicating a potential shift towards intraday declines. The anticipated path involves a visit to 0.6190, followed by 0.6140, which serve as the primary bearish targets.
Hence, a bearish bias is expected for today. It’s worth noting that a breach of the 0.6290 level could disrupt the anticipated decline, potentially leading the price to resume its primary bullish trajectory.
The projected trading range for today is anticipated between the support at 0.6200 and resistance at 0.6300.
Today’s Trend: Bearish