The (NZDUSD) price settled with a decline in its last intraday trading, after retesting the critical resistance level at 0.6000, after its success in offloading its oversold conditions on the (RSI), after reaching our target at the support at 0.5960, gaining a positive momentum that assisted it to rebound to recover some of its previous losses.

This come with the price affection by breaking a main bullish trend on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, causing the loss of the bullish momentum that assisted the pair to rise in its last intraday trading.