The NZDUSD price shows positive trades by today’s open to test 0.6000$, and as we mentioned in our recent reports, holding below this level keeps the bearish trend scenario active, which targets 0.5915$ as a next main station.
The EMA50 forms negative pressure that supports the expected decline, while breaching 0.6000$ will push the price to build bullish wave that its first target located at 0.6070$.
The expected trading range for today is between 0.5950$ support and 0.6050$ resistance
Trend forecast: Bearish
Origin: Economies
