The NZDUSD price is testing 0.5660$ resistance line, and as we mentioned in our last report, the price needs to hold below this level to keep the main bearish trend scenario active for the upcoming period, which its next targets located at 0.5560$ followed by 0.5500$.
The negative pressure formed by the EMA50 supports the expected bearish trend, while breaching 0.5660$ will push the price to visit 0.5790$ areas before any new negative attempt.
The expected trading range for today is between 0.5600 support and 0.5700$ resistance
Trend forecast: Bearish
Origin: Economies
