The NZD/USD pair is exhibiting a continued bearish bias, reinforcing expectations that the downward trend will persist on the intraday chart. The next key support level is at $0.5790. However, if the price breaks above the resistance at $0.5935, the bearish outlook will be invalidated, potentially leading to a short-term bullish correction.
The expected trading range for today is between support at $0.5775 and resistance at $0.5880.
Trend Forecast: Bearish
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