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The NZDUSD price has resumed its downward movement after failing to break the 0.6000$ level yesterday, now approaching the first expected target at 0.5915$. The price looks set to break this level, with further negative targets potentially reaching 0.5850$.
As such, the bearish trend is expected to persist unless the price manages to rally and breach 0.6000$, holding above that level.
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The expected trading range for today is between 0.5860$ support and 0.5990$ resistance.
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Trend Forecast: Bearish
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