The NZDUSD price shows positive trades by today’s open to test the bearish channel’s resistance line, and the EMA50 meets this resistance to add more strength to it, waiting to resume the main bearish trend to head towards our next target at 0.5775$.
On the other hand, we should note that breaching 0.5885$ followed by 0.5915$ levels will stop the expected decline and lead the price to achieve bullish correction that its first target located at 0.6000$.
The expected trading range for today is between 0.5710$ support and 0.5900$ resistance
Trend forecast: Bearish
Origin: Economies
