The NZDUSD price ended last Friday below 0.6000$ level, to support the chances of continuing the domination of the bearish trend and open the way to target 0.5915$ areas as a next main target.
Therefore, we will continue to suggest the bearish trend on the intraday basis, supported by the negative pressure formed by the EMA50, taking into consideration that breaching 0.6070$ will stop the negative scenario and push the price to turn to rise.
The expected trading range for today is between 0.5950$ support and 0.6040$ resistance
Trend forecast: Bearish
Origin: Economies
