NZDUSD Price Analysis
The NZDUSD price started today negatively after losing positive momentum, heading towards testing 0.5915$ mainly. This suggests a bearish bias in the upcoming sessions, with a potential break of the mentioned level extending the bearish wave to reach 0.5850 followed by 0.5775$ areas as the next main stations.
However, it’s important to note that breaching 0.6000$ will halt the current negative pressure and lead the price to start new recovery attempts.
Expected Trading Range
Support: 0.5890$
Resistance: 0.5990$
Trend Forecast
Bearish
Origin: Economies
