The NZDUSD pair managed to reach our waited target at 0.5900, and we suggest the continuation of the bearish bias to surpass this level and open the way to achieve additional negative targets that reach 0.5840 followed by 0.5750.
Therefore, the bearish trend will remain expected for the upcoming period, supported by the negative pressure formed by the EMA50, noting that failing to break 0.5900 will lead the price to start recovery attempts and head to test 0.6020 areas initially.
The expected trading range for today is between 0.5850 support and 0.5950 resistance
The expected trend for today: Bearish
Origin: Economies
