The NZDUSD pair fluctuates within sideways trades since yesterday, waiting to resume the negative trades that target testing 0.5900 as a next station, supported by stochastic reach to the overbought areas now.
In general, we will continue to suggest the bearish trend for the upcoming period as long as 0.6020 level remains intact, noting that the EMA50 forms continuous negative pressure to support the continuation of the expected bearish wave.
The expected trading range for today is between 0.5920 support and 0.6020 resistance
The expected trend for today: Bearish
