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The NZD/USD exchange rate has decisively broken the $0.6000 support level, confirming a continuation of the decline in both intraday and short-term timeframes. The price is expected to exhibit further bearish movement in the upcoming sessions, with the next significant target set at $0.5915.
The bearish trend remains intact and active, provided that the price does not rally above and hold the $0.6000 level.
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The anticipated trading range for today is between $0.5910 for support and $0.6010 for resistance.
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Trend Forecast: Bearish
