The NZDUSD price ended yesterday with clear negativity to confirm breaking 0.6070 and opens the way to continue the decline on the intraday basis, to head towards testing 0.6000 as a next negative station.
Therefore, the bearish trend will remain dominant in the upcoming sessions, supported by the negative pressure formed by the EMA50, noting that breaching 0.6070 will stop the current negative pressure and lead the price to start recovery attempts and target 0.6140 initially.
The expected trading range for today is between 0.5990 support and 0.6085 resistance
Trend forecast: Bearish
Origin: Economies
