The NZDUSD price traded with clear negativity yesterday to settle below 0.6140$ again, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, opening the way to visit 0.6070$ as a next main target.
The EMA50 forms negative pressure that supports the expected bearish trend, which will remain valid unless breaching 0.6165$ and holding above it.
The expected trading range for today is between 0.6080$ support and 0.6280$ resistance
Trend forecast: Bearish
Origin: Economies
