The NZDUSD pair has encountered robust resistance at the 0.6140 level, prompting a bearish rebound with a trajectory towards a potential test of 0.6070 in the forthcoming sessions. This prompts us to anticipate negative trading activities today. It is crucial to exercise vigilance and closely monitor the price action at the aforementioned level, given its significance in determining the potential development of the next trend.
Conversely, it is imperative to acknowledge that a breach of the 0.6140 resistance level would negate the anticipated decline, signaling a resumption of the bullish trajectory.
The projected trading range for the current session spans from support at 0.6050 to resistance at 0.6150.
In summary, the anticipated trend for today leans towards a bearish outlook, contingent upon the pivotal 0.6140 level remaining unbreached.