The NZDUSD pair ended yesterday below 0.6020 level, to confirm the continuation of the correctional bearish trend domination and open the way to head towards the next negative station at 0.5900.
Therefore, we are waiting for more expected decline in the upcoming sessions, supported by the negative pressure formed by the EMA50, taking into consideration that breaching 0.6020 will stop the expected decline and lead the price to attempt to recover on the intraday basis.
The expected trading range for today is between 0.5950 support and 0.6050 resistance
The expected trend for today: Bearish
Origin: Economies