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The NZD/USD pair exhibited significant negativity yesterday, confirming a break below the $0.6070 level. This has set the stage for further declines, with initial support expected at $0.6000. A breach of this level could drive the price down to $0.5915 in the near term.
Given the current conditions, additional declines are anticipated in the upcoming sessions unless the price manages to break above and sustain above the $0.6070 level.
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The expected trading range for today is between the support level of $0.5970 and the resistance level of $0.6070.
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Trend Forecast: Bearish
