The NZDUSD price resumed its negative trading clearly to move away from the bearish channel’s resistance line, reinforcing the expectations of continuing the bearish trend, reminding you that our first target is located at 0.5775$.
Note that surpassing the mentioned level will push the price to visit 0.5700$ barrier as a next negative station, while the bearish trend will remain valid and active unless breaching 0.5915$ and holding above it.
The expected trading range for today is between 0.5770$ support and 0.5870$ resistance
Trend forecast: Bearish
Origin: Economies
