The NZDUSD price shows bearish bias to approach 0.5600$ barrier, waiting for more decline to achieve our next negative target at 0.5560$, noting that breaking it will push the price towards 0.5500$ as a next station.
The continuation of the bearish wave requires holding below 0.5660$, as breaching it will lead the price to turn to rise on the intraday basis and achieve some bullish correction before turning back to decline again.
The expected trading range for today is between 0.5570 support and 0.5660$ resistance
Trend forecast: Bearish
