The NZDUSD pair succeeded to touch our waited target at 0.6000 and presses negatively on it, to pave the way to achieve more expected decline in the upcoming period, as the next target is located at 0.5890.
The EMA50 supports the continuation of the suggested bearish wave, which will remain valid conditioned by the price stability below 0.6060 and the most important below 0.6110.
The expected trading range for today is between 0.5930 support and 0.6050 resistance
The expected trend for today: Bearish
Origin: Economies
