The NZDUSD price continued to decline to reach the thresholds of the waited target at 0.5915$, and we suggest breaking this level to open the way to achieve additional decline that targets 0.5850$ followed by 0.5775$ levels as next negative stations, affected by the previously completed bearish pattern that its signs appear on the chart.
The EMA50 forms negative pressure that supports the continuation of the suggested bearish wave, which will remain valid conditioned by the price stability below 0.6000$.
The expected trading range for today is between 0.5870$ support and 0.5970$ resistance
Trend forecast: Bearish
Origin: Economies
