The NZDUSD pair managed to break 0.5900 level and close the daily candlestick below it, reinforcing the expectations of continuing the bearish trend, opening the way to head towards achieving negative targets that start at 0.5850 followed by 0.5800.
Moving below the EMA50 supports the expected decline, which will remain valid conditioned by the price stability below 0.5900.
The expected trading range for today is between 0.5835 support and 0.5930 resistance
The expected trend for today: Bearish
Origin: Economies
