The NZDUSD pair begins today with new negativity to achieve our first waited target at 0.5950, waiting for more decline to head towards our next target at 0.5900.
The EMA50 continues to support the suggested bearish wave, and breaking the last level will extend the bearish wave to reach 0.5750 areas on the longer term basis, reminding you that the continuation of the bearish wave depends on the price stability below 0.6020.
The expected trading range for today is between 0.5900 support and 0.6000 resistance
The expected trend for today: Bearish
Origin: Economies
