The NZDUSD pair keeps its stability below 0.6860 level, which makes us continue suggesting the bearish bias on the intraday basis, waiting to test the bullish channel’s support located at 0.6780 now, reminding you that this decline is temporary according to the trading rules inside the price channels, which means that we will be waiting a bullish rebound from the targeted areas to resume the short term bullish trend.
Note that breaching 0.6860 level will stop the suggested negative overview and lead the price to head towards 0.7020 followed by 0.7240 levels on the near term basis.
Expected trading range for today is between 0.6700 support and 0.6900
Expected trend for today: Temporarily bearish
