The NZDUSD pair surpassed 0.5830 level to confirm the continuation of the bearish trend domination in the upcoming sessions, opening the way to head towards our next negative station at 0.5750.
Therefore, our bearish overview will remain valid, supported by the negative pressure formed by the EMA50, noting that breaching 0.5900 will stop the negative scenario and lead the price to recover again.
The expected trading range for today is between 0.5760 support and 0.5860 resistance
The expected trend for today: Bearish
Origin: Economies
