The NZDUSD price hovers around the EMA50, waiting to get negative motive that push the price to resume the expected bearish wave on the intraday basis, which its next main target located at 0.5540$.
Therefore, our bearish overview will remain valid and active unless the price rallied to breach 0.5738$ and hold with a daily close above it, noting that breaking 0.5645$ will ease the mission of achieving the suggested target.
The expected trading range for today is between 0.5600$ support and 0.5700$ resistance
Trend forecast: Bearish
Origin: Economies
