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The NZD/USD pair has confirmed a break below the $0.5915 level, closing yesterday’s session beneath it. This confirms the expectation for the bearish trend to continue, with potential declines targeting $0.5850 and subsequently $0.5775.
Maintaining a position below $0.5915 is crucial for sustaining the bearish outlook. A move above this level would signal a possible recovery, with the price potentially rising to $0.6000.
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The expected trading range for today is between $0.5820 support and $0.5920 resistance.
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Trend Forecast: Bearish
