The NZDUSD price ended yesterday below 0.6070$ level, to fall under expected negative pressure in the upcoming sessions, targeting visiting 0.6000$ barrier mainly.
Therefore, we expect to witness negative trades today, supported by the negative pressure formed by the EMA50, noting that breaching 0.6070$ will stop the expected decline and lead the price to recover again.
The expected trading range for today is between 0.6000$ support and 0.6100$ resistance
Trend forecast: Bearish
Origin: Economies
