The NZDUSD price broke 0.5915$ level strongly to reach the thresholds of the new waited target at 0.5850$, and we expect the continuation of the decline in the upcoming period to achieve additional negative targets that extend to 0.5775$.
Therefore, the bearish trend will remain valid and active, organized inside the bearish channel that appears on the chart, noting that it is important to hold below 0.5915$ to guarantee the continuation of the expected decline.
The expected trading range for today is between 0.5810$ support and 0.5910$ resistance
Trend forecast: Bearish
Origin: Economies
