The NZDUSD price shows positive trades to test the key resistance 0.5915$, and the price needs to hold below this level to keep the bearish trend valid for the upcoming period, which its next targets located at 0.5850$ followed by 0.5775$.
The RSI loses its positive momentum gradually, and the EMA50 forms continuous negative pressure against the price, which supports the continuation of the bearish trend scenario, which will remain valid conditioned by the price stability below 0.5915$.
The expected trading range for today is between 0.5850$ support and 0.5950$ resistance
Trend forecast: Bearish
Origin: Economies
