Expected Scenario
The NZDUSD price showed slight rise yesterday to approach the key resistance 0.6140$, and begins to provide negative trades now, waiting to resume the expected bearish wave for the upcoming period, which targets testing 0.6070$ as a first station.
The negative pressure formed by the EMA50 supports the expected decline, which will remain valid unless the price rallied to breach 0.6140$ and hold with a daily close above it.
Expected Trading Range
Between 0.6060$ support and 0.6160$ resistance.
Trend Forecast: Bearish
Origin: Economies
