NZDUSD Price Analysis
Expected Scenario
The NZDUSD price settles at 0.6100$ barrier, waiting to resume the negative trades to test 0.6070$ level that represents our waited negative target, noting that breaking it will extend the pair’s losses to reach 0.6000$ areas.
Moving below the EMA50 supports the continuation of the expected decline, while breaching 0.6140$ will stop the negative scenario and lead the price to recover again.
Expected Trading Range
Between 0.6050$ support and 0.6150$ resistance.
Trend Forecast: Bearish
Origin: Economies
