The NZDUSD pair bounced bearishly after approaching 0.5890 level yesterday, to resume the bearish track and head towards achieving our negative targets that reach 0.5750.
Therefore, the bearish trend scenario will remain valid and active for the upcoming period supported by stochastic and the EMA50 negativity, noting that it is important to hold below 0.5890 to continue the expected decline.
The expected trading range for today is between 0.5760 support and 0.5890 resistance
The expected trend for today: Bearish