The NZDUSD pair couldn’t manage to surpass the bearish channel’s resistance, to rebound bearishly and reach 0.5900 level, and we suggest the continuation of the decline to surpass this level and open the way to resume the bearish wave within the mentioned channel, noting that the negative targets begin at 0.5800 and extend to 0.5750.
Therefore, we expect to witness negative trades in the upcoming sessions, noting that breaching 0.5965 will stop the expected decline and lead the price to rise again.
The expected trading range for today is between 0.5850 support and 0.5950 resistance
The expected trend for today: Bearish
Origin: Economies
