NZDUSD Price Analysis
Expected Scenario
The NZDUSD price shows bullish bias to test the EMA50, waiting to resume the negative trades to visit 0.6070$ that represents our next main target, to keep the bearish trend scenario active for the upcoming period.
Holding below 0.6140$ is important to the continuation of the expected decline, as breaching it will lead the price to recover and achieve gains that start by visiting 0.6228$ areas.
Expected Trading Range
Between 0.6065$ support and 0.6170$ resistance.
Trend Forecast: Bearish
Origin: Economies
