The NZDUSD pair opened today with strong negativity to break 0.5840 level and settles below it, to support the continuation of the bearish trend domination on the intraday and short term basis, waiting to visit 0.5750 areas in the upcoming sessions.
The current bearish wave is organized within new bearish wave, noting that breaching 0.5890 will push the price to achieve bullish correction that might reach 0.6035 areas before any new attempt to decline.
The expected trading range for today is between 0.5750 support and 0.5870 resistance
The expected trend for today: Bearish