The NZDUSD price shows new negative trades now in attempt to resume the expected bearish trend for today, reminding you that our next target is located at 0.5550$, noting that the EMA50 supports the suggested bearish wave.
The continuation of the bearish trend depends on the price stability below 0.5665$, as breaching it represents the key to start bullish correction for the decline that started from 0.6378$ areas.
The expected trading range for today is between 0.5540$ support and 0.5640$ resistance
Trend forecast: Bearish
Origin: Economies
