The NZDUSD price bounced downwards clearly after testing 0.5915$ in the previous sessions, to keep the bearish trend scenario valid and active on the intraday and short-term basis, organized inside the bearish channel that appears on the chart, reminding you that our waited targets begin at 0.5835$ followed by 0.5775$.
On the other hand, we should note that breaching 0.5915$ – 0.5925$ levels will stop the expected decline and lead the price to turn to rise.
The expected trading range for today is between 0.5815$ support and 0.5915$ resistance
Trend forecast: Bearish
Origin: Economies
