The NZDUSD price tested 0.6000$ level and bounced bearishly from there, to resume the expected bearish trend on the intraday basis, which its next target located at 0.5915$.
The bearish channel supports the continuation of the expected decline, which gets good support by the EMA50, reminding you that breaching 0.6000$ will stop the bearish wave and push the price to turn to rise.
The expected trading range for today is between 0.5910$ support and 0.6010$ resistance
Trend forecast: Bearish
Origin: Economies
