The NZDUSD pair trades with clear negativity to begin pushing on the key support 0.6860, and as we mentioned yesterday, breaking this level confirms opening the way to visit the bullish channel’s support at 0.6775, which represents the main target of the current bearish wave.
Therefore, our bearish overview will remain valid efficiently for the upcoming sessions, supported by stochastic and the EMA50 negativity, reminding you with the importance of monitoring the price behavior when reaching the targeted level, as we will be waiting for a bullish rebound to resume trading inside the mentioned channel, while breaking it represents negative factor that will extend the pair’s losses to reach 0.6575 as a next main station.
Expected trading range for today is between 0.6700 support and 0.6925
Expected trend for today: Bearish
Origin: Economies
