The NZDUSD price tested the bearish channel’s resistance line and bounced bearishly from there, to keep the main bearish trend scenario valid for the upcoming period, waiting to visit 0.5550$ as a next main target.
Breaking 0.5625$ will ease the mission of achieving the suggested target, while breaching 0.5685$ will stop the bearish trend and push the price to turn to rise and start bullish correction on the intraday basis.
The expected trading range for today is between 0.5575$ support and 0.5675$ resistance
Trend forecast: Bearish
Origin: Economies
