The NZDUSD pair opens today’s trading with bullish bias to move above 0.6860 level, but, as long as the daily candlestick close was below the mentioned level, we will continue to suggest the bearish bias on the intraday basis, and the target is visiting the bullish channel’s support at 0.6750.
Note that the EMA50 meets the targeted level, which supports the chances of bouncing bullishly to resume the bullish trend after achieving the waited target, taking into consideration that getting a daily close above 0.6860 will stop the suggested negative scenario and lead the price to return to the bullish track.
Expected trading range for today is between 0.6745 support and 0.6940
Expected trend for today: Bearish
Origin: Economies
