The NZDUSD price continued to rise to test the key resistance 0.5915$, and the EMA50 continues to form negative pressure against the price, while the RSI loses its positive momentum clearly.
Therefore, these factors encourage us to suggest bearish rebound in the upcoming sessions to resume the main bearish trend again, organized inside the bearish channel that appears on the chart, noting that the expected targets begin at 0.5835$ and extend to 0.5775$, while achieving them requires holding below 0.5915$ and 0.5940$ levels.
The expected trading range for today is between 0.5860$ support and 0.5960$ resistance
Trend forecast: Bearish
Origin: Economies
