The NZDUSD price managed to achieve our waited target at 0.5915$, and we expect to break this level to open the way to achieve more negative targets, as it moves inside bearish channel that supports the chances of continuing the decline in the upcoming sessions, noting that the next target extends to 0.5850$.
Holding below 0.6000$ is important to the continuation of the bearish trend, as breaching it will turn the intraday track to rise to head towards visiting 0.6070$ areas initially.
The expected trading range for today is between 0.5870$ support and 0.5970$ resistance
Trend forecast: Bearish
Origin: Economies
