The NZDUSD price continued to rise to test 0.6228$ resistance line, noticing that the price consolidates below this resistance until now, as the EMA50 meets this level to add more strength to it, waiting to resume the negative trades and head towards 0.6140$ that represents our next main target.
Therefore, the bearish trend will remain suggested for the upcoming period conditioned by the price stability below 0.6228$.
The expected trading range for today is between 0.6150$ support and 0.6250$ resistance
Trend forecast: Bearish
Origin: Economies
