The NZDUSD price returns to test the intraday bearish channel’s resistance line, waiting to resume the bearish wave that targets 0.5915$ as a next main station.
Therefore, we will continue to suggest the bearish trend for the upcoming period, noting that breaching 0.6000$ will stop the bearish wave and lead the price to recover and achieve gains that reach 0.6070$.
The expected trading range for today is between 0.5910$ support and 0.6010$ resistance
Trend forecast: Bearish
Origin: Economies
