The NZDUSD price recent trades are confined within bearish flag pattern that appears on the chart, which means that breaking 0.5630$ support line will activate the negative effect of this pattern and push the price to continue the decline within the main bearish channel, reminding you that our next targets reach 0.5560$ followed by 0.5500$.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless breaching 0.5665$ and holding above it.
The expected trading range for today is between 0.5590 support and 0.5680$ resistance
Trend forecast: Bearish
Origin: Economies
