The NZDUSD pair still stable below 0.6860 level, which makes us continue suggesting the temporary decline that targets testing the bullish channel’s support at 0.6685 before bouncing bullishly to resume the main bullish trend.
Note that breaking 0.6685 level will extend the bearish wave to reach 0.6395 on the near term basis, while breaching 0.6860 level represents the key to resume the main bullish trend that its next target located at 0.7040.
Expected trading range for today is between 0.6685 support and 0.6900
Expected trend for today: Temporarily bearish
Origin: Economies
