The NZDUSD price provide negative trades yesterday, to support the expectations of continuing the decline on the intraday basis, as we are waiting to test 0.5915$ that represents our next target.
The EMA50 forms continuous negative pressure that supports the continuation of the suggested bearish wave, which will remain valid unless breaching 0.6000$ and holding above it.
The expected trading range for today is between 0.5920$ support and 0.6010$ resistance
Trend forecast: Bearish
Origin: Economies
