NZDUSD Price Analysis
Expected Scenario
The NZDUSD price tested the key resistance 0.6140$ and rebounds bearishly from there, to keep the bearish trend scenario valid for the upcoming period, waiting to visit 0.6070$ as a next main target.
The negative pressure formed by the EMA50 supports the continuation of the suggested bearish wave, which will remain valid conditioned by the price stability below 0.6140$.
Expected Trading Range
The expected trading range for today is between 0.6070$ support and 0.6260$ resistance.
Trend Forecast: Bearish
Origin: Economies
