The NZDUSD pair managed to surpass 0.5900 level and hold below it, opening the way to continue the bearish trend to head towards the bearish channel’s support line at 0.5840, waiting for more expected decline in the upcoming sessions.
The EMA50 supports the suggested negative scenario, which will remain valid conditioned by the price stability below 0.5935.
The expected trading range for today is between 0.5830 support and 0.5935 resistance
The expected trend for today: Bearish