The NZDUSD price fluctuates around the EMA50, settling at the bearish channel’s resistance line, waiting to resume the bearish trend to target 0.5540$ followed by 0.5450$ levels as next main stations.
Holding below 0.5620$ is important to the continuation of the expected decline, noting that breaching it will lead the price to achieve bullish correction that its targets begin by visiting 0.5738$ areas.
The expected trading range for today is between 0.5550$ support and 0.5650$ resistance
Trend forecast: Bearish
Origin: Economies
