The NZDUSD price fluctuates around 0.5600$ barrier, and the EMA50 forms continuous negative pressure against the price, to support the chances of continuing the expected bearish trend for the upcoming period, which its next targets located at 0.5550$ followed by 0.5460$.
On the other hand, we should note that breaching 0.5665$ will lead the price to recover and test the bearish channel’s resistance line around 0.5710$ before any new negative attempt.
The expected trading range for today is between 0.5550$ support and 0.5640$ resistance
Trend forecast: Bearish
Origin: Economies
