The NZDUSD pair traded with strong negativity to surpass our waited target at 0.5750 and heads towards achieving more of the downside moves within the bearish channel that appears in the image, targeting 0.5660 levels as a next main station, pointing that breaking this level will push the price to visit 0.5600 barrier as a next target.
Therefore, the bearish trend will remain preferred in the upcoming sessions unless the price rallied o breach 0.5815 level and holding above it.
The expected trading range for today is between 0.5650 support and 0.5770 resistance
The expected trend for today: Bearish