Expected Scenario: Bearish Trend
The NZDUSD price remains below the $0.6000 level, reinforcing the bearish trend scenario, supported by the negative pressure from the EMA50. The next main target is anticipated at $0.5915.
It is crucial for the continuation of the expected decline that the price holds below $0.6000. A breach of this level would initiate recovery attempts, targeting the testing of $0.6070 areas initially.
Expected Trading Range for Today
Support: $0.5920
Resistance: $0.6010
Trend Forecast: Bearish
Origin: Economies
