The NZDUSD price provided clear positive trades yesterday, and approached the key resistance 0.5915$, noting that the EMA50 meets this level to add more strength to it, to keep the main negative scenario valid for the upcoming period, waiting to head towards 0.5775$ as a next main target.
On the other hand, we should note that continuation of the rise and breaching 0.5915$ followed by 0.5945$ levels will stop the bearish wave and lead the price to turn to rise.
The expected trading range for today is between 0.5850$ support and 0.5950$ resistance
Trend forecast: Bearish
Origin: Economies
