The NZDUSD pair is testing the EMA50 that forms good resistance against the price, waiting to rebound bearishly to resume the main bearish trend, which targets 0.5750 as a next negative station.
Holding below 0.5900 represents the most important condition to continue the expected decline, as breaching it represents the key to turn to rise and bullish wave that its next main target located at 0.6020.
The expected trading range for today is between 0.5800 support and 0.5900 resistance
The expected trend for today: Bearish
Origin: Economies
