The NZDUSD price tested the EMA50 that forms good resistance against the price, waiting to resume the main bearish wave that targets 0.5550$ followed by 0.5460$ levels as main negative stations.
Therefore, we will continue to suggest the bearish trend for the upcoming period, which will remain valid unless the price rallied to breach 0.5665$ followed by 0.5700$ levels and holding above them.
The expected trading range for today is between 0.5560$ support and 0.5660$ resistance
Trend forecast: Bearish
Origin: Economies
