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The NZD/USD currency pair has reached the anticipated target of $0.6000. The price has started the day with additional bearish momentum, indicating a potential for further decline. The next target for this bearish trend is the $0.5915 area.
Given this bearish outlook, we continue to anticipate a downward trend on an intraday basis. However, if the price breaches the $0.6070 level, it could reverse the current decline and lead to an upward movement.
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Today’s trading range is projected to be between a support level of $0.5950 and a resistance level of $0.6050.
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Trend Forecast: Bearish
