NZDUSD Awaits New Declines
The NZDUSD pair provided slight positive trades yesterday to test 0.56 barrier, noticing that stochastic begins to provide negative signals now, waiting to motivate the price to resume the bearish wave that its targets begin by breaking 0.5564 to open the way to visit 0.55.
The EMA50 (BB middle line) supports the expected decline, which will remain valid unless the price rallied to breach 0.564 followed by 0.5705 levels and hold above them. The expected trading range for today is between 0.553 support and 0.5640 resistance. The expected trend for today: Bearish.