The NZDUSD price trades with clear negativity now to surpass our first waited target at 0.5850$ and open the way to continue the decline on the intraday basis, waiting to test 0.5790$ that represents our next main target, noting that breaking this level will h the price to achieve more decline on the intraday and short-term basis.
Moving below the EMA50 supports the suggested negative scenario, which will remain valid unless the price rallied to breach 0.5935$ and hold above it.
The expected trading range for today is between 0.5775 support and 0.5880$ resistance
Trend forecast: Bearish
Origin: Economies
