The NZDUSD price hovers around the EMA50, and it needs to break the minor support 0.5855$ to ease the mission of heading towards our waited negative target at 0.5800$.
Until now, the bearish trend scenario still valid and active for the upcoming period as long as 0.5935$ level remains intact, as breaching it represents the key of starting bullish correction that its next target located at 0.6020$.
The expected trading range for today is between 0.5810 support and 0.5910$ resistance
Trend forecast: Bearish
Origin: Economies
