The NZDUSD price provided negative trades in attempt to move away from the EMA50, to support the expectations of continuing the bearish trend that its next main target located at 0.5540$.
Holding below 0.5565$ is important to the continuation of the negative scenario, as breaching it will push the price to achieve intraday gains and test the key resistance 0.5738$ before any new attempt to decline.
The expected trading range for today is between 0.5585$ support and 0.5685$ resistance
Trend forecast: Bearish
Origin: Economies
