The NZDUSD price managed to break the bearish flag’s support line to activate the negative effect of this pattern and head towards achieving more decline on the intraday and short-term basis, waiting to visit 0.5560$ followed by 0.5500$ that represent our next main targets, noting that the EMA50 supports the suggested bearish wave, which will remain valid conditioned by the price stability below 0.5665$.
The expected trading range for today is between 0.5565 support and 0.5660$ resistance
Trend forecast: Bearish
Origin: Economies
