The NZDUSD price shows more bearish bias to test the EMA50 that forms good support around 0.5865$, waiting for more decline to achieve our negative targets that start at 0.5850$ and extend to 0.5775$.
The continuation of the bearish wave depends on the price stability below 0.5935$, reminding you that breaching this level will lead the price to achieve gains and target 0.6020$ areas as a next correctional station.
The expected trading range for today is between 0.5820$ support and 0.5910$ resistance
Trend forecast: Bearish
Origin: Economies
