The NZDUSD price traded negatively by today’s open to complete forming rising wedge pattern that its signs appear on the chart, to fall under expected negative pressure in the upcoming sessions and head towards achieving decline that targets visiting the recently recorded low at 0.5540$ mainly.
Therefore, the bearish bias will be suggested for today, and breaking 0.5650$ will ease the mission of achieving the expected decline, while breaching 0.5738$ will stop the bearish wave and push the price to achieve more gains on the intraday and short-term basis.
The expected trading range for today is between 0.5605$ support and 0.5705$ resistance
Trend forecast: Bearish
Origin: Economies
