The NZDUSD pair bounced bearishly after testing 0.1640 level in the previous sessions, to resume the correctional bearish trend that targets 0.6020 as a next main station.
The EMA50 continues to support the suggested bearish trend, organized inside the bearish channel that appears on the chart, reminding you that breaking the targeted level will push the price to 0.5900 as a next target.
On the other hand, we should note that breaching 0.6140 followed by 0.6180 levels will stop the negative scenario and lead the price to attempt to regain the main bullish trend again.
The expected trading range for today is between 0.6030 support and 0.6150 resistance
The expected trend for today: Bearish
Origin: Economies
