NZDUSD Price Analysis
Expected Scenario
The tight range continues to dominate the NZDUSD price, which remains below 0.6140$. Thus, our bearish outlook remains unchanged, targeting 0.6070$ primarily. This is supported by the negative pressure from the EMA50.
It is crucial for the price to hold below 0.6140$ to sustain the expected decline.
Expected Trading Range
Between 0.6050$ support and 0.6160$ resistance.
Trend Forecast: Bearish
