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The NZD/USD pair encounters additional negative pressure at today’s open, breaking below the $0.6070 level and attempting to hold beneath it. This shift indicates a decline on the intraday basis, initiating a bearish wave targeting the $0.6000 area as the next main station.
Consequently, a bearish bias is expected for today. However, if the price breaches the $0.6070 level and holds above it again, the bullish wave will be reactivated, with the next target located at $0.6140.
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The expected trading range for today is between $0.6010 support and $0.6100 resistance.
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Trend Forecast: Bearish
