The NZDUSD price managed to achieve our first waited target at 0.5740$, and we expect the continuation of the bearish wave within the bearish channel that appears on the chart to achieve additional negative targets that reach 0.5670$.
Therefore, the bearish trend will remain dominant in the upcoming period, taking into consideration that breaching 0.5825$ will turn the intraday to rise to achieve some bullish correction before turning back to decline again.
The expected trading range for today is between 0.5690 support and 0.5780$ resistance
Trend forecast: Bearish
Origin: Economies
