The NZDUSD price bounced bearishly after testing 0.5870$ resistance line, to keep the bearish trend scenario valid for the upcoming period, which its targets begin by surpassing 0.5800$ to open the way to head towards 0.5740$.
The negative pressure formed by the EMA50 supports the continuation of the suggested bearish wave, which will remain valid conditioned by the price stability below 0.5870$ and the most important below 0.5935$.
The expected trading range for today is between 0.5770 support and 0.5870$ resistance
Trend forecast: Bearish
Origin: Economies
