The NZDUSD pair broke the intraday bullish trend line clearly and settled below it, which turns the intraday track to the downside, targeting retesting 0.6395 areas in the upcoming period.
Therefore, the bearish bias will be expected, supported by the negative pressure offered by the EMA50, unless the price manages to breach 0.6660 level and hold above it, which will allow the price to regain its bullish track.
Expected trading range for today is between 0.6500 support and 0.6700
Expected trend for today: Bearish
Origin: Economies
