The NZDUSD price continued to decline to test the key support 0.6000$, noticing that the price attempts to consolidate above this level and hint the beginning of bullish wave on the intraday basis, to suggest the bullish bias and head to test 0.6070$ areas again.
Therefore, we expect to witness positive trades in the upcoming sessions supported by the EMA50 that carries the price from below, noting that breaking 0.6000$ will stop the expected rise and push the price to turn to decline.
The expected trading range for today is between 0.5960$ support and 0.6070$ resistance
Trend forecast: Neutral
Origin: Economies
