NZDUSD Price Analysis
Expected Scenario
The NZDUSD price returns to test 0.6140$ level and keeps its stability below it until now, to continue suggesting the bearish trend on the intraday basis, which its next target reaches 0.6070$.
The EMA50 supports the expected decline, noting that breaching 0.6140$ will lead the price to turn to rise and build a bullish wave that targets 0.6228$ areas mainly.
Expected Trading Range for Today
Between the support 0.6070$ and the resistance 0.6270$.
Trend Forecast: Bearish
Origin: Economies
