The NZDUSD price provided new negative trades yesterday to approach our first waited target at 0.5850$, waiting for more decline to achieve additional negative targets that reach 0.5775$, to continue suggesting the bearish trend on the intraday and short-term basis, supported by the EMA50.
holding below 0.5915$ is important to the continuation of the bearish trend, as breaching it will lead the price to start recovery attempts and achieve gains that reach 0.6000$ on the near-term basis.
The expected trading range for today is between 0.5820$ support and 0.5920$ resistance
Trend forecast: Bearish
Origin: Economies
