The NZDUSD price returned to decline to approach our waited target at 0.5740$, and we suggest the continuation of the bearish bias to achieve additional negative targets that reach 0.5670$.
The negative pressure formed by the EMA50 supports the suggested bearish wave, noting that breaching 0.5870$ will stop the negative scenario and lead the price to start bullish correction on the intraday basis.
The expected trading range for today is between 0.5710 support and 0.5800$ resistance
Trend forecast: Bearish
Origin: Economies
