The NZDUSD price crawls downwards to support the continuation of the bearish trend within the bearish channel that appears on the chart, and we are waiting to test 0.5550$ as a next station, noting that breaking this level will extend the bearish wave to reach 0.5450$ followed by 0.5400$ areas.
The negative pressure formed by the EMA50 reinforces the expectations of continuing the bearish wave, which will remain valid unless breaching 0.5655$ and holding above it.
The expected trading range for today is between 0.5520$ support and 0.5610$ resistance
Trend forecast: Bearish
Origin: Economies
