The NZDUSD price continued to rise to test the main bearish channel’s resistance line, waiting to start bearish wave and resume the main bearish track in the upcoming sessions, to head towards achieving negative targets that start at 0.5540$ and extend to 0.5450$.
The continuation of the bearish wave requires holding below 0.5630$, as breaching it represents the key to start bullish correction that targets 0.5740$ areas on the near-term basis.
The expected trading range for today is between 0.5550$ support and 0.5650$ resistance
Trend forecast: Bearish
Origin: Economies
