The NZDUSD price reached the key resistance 0.5935$ and bounced bearishly from there, to keep the bearish trend valid and active on the intraday basis, waiting to visit 0.5850$ followed by 0.5775$ levels that represent our next main targets.
Holding below 0.5935 is important to the continuation of the expected decline, as breaching it will push the price to achieve additional bullish correction that its next target reaches 0.6020$.
The expected trading range for today is between 0.5840$ support and 0.5940$ resistance
Trend forecast: Bearish
Origin: Economies
