The NZDUSD price provided new negative trades in the previous sessions to notice that the price completed forming negative pattern that its signs appear on the chart, which motivates the price to continue the decline on the intraday and short-term basis, expecting to surpass our waited target at 0.5800$ to head towards 0.5740$ areas as a next negative station.
Therefore, the bearish trend will remain suggested for the upcoming period, noting that breaching 0.5870$ will push the price to achieve intraday gains and test the key resistance 0.5935$ before any new attempt to decline.
The expected trading range for today is between 0.5770 support and 0.5870$ resistance
Trend forecast: Bearish
Origin: Economies
